Press Esc to close
Tuesday 17 January 2017
News updated at 2:30 AM IST
Weather
Max: 27.6°C
Min : 15.5°C
In Bengaluru
Sunny day

Mistry to be Tata Sons chairman from Dec 28

Mumbai, Dec 18, 2012 DHNS:
The board of directors of Tata Sons on Tuesday formally announced the appointment of Cyrus P Mistry as chairman after Ratan Tata retires on December 28. The board conferred the honorary title of Chairman Emeritus on Tata, according to a Tata Sons release.

Mistry, who has been serving on the board of Tata Sons since 2006, was appointed successor to Tata in November 2011. Ratan Tata has been chairman of the $100-billion Tata Group since 1991.

Over the last few months, Mistry has been inducted into the board of several Tata companies. Last month, he was appointed on the board of Indian Hotels Company even as Tata stepped down from the board of Tata Global Beverages. Mistry has also been appointed board member to companies such as Tata Motors, Tata Steel, Tata Chemicals and Tata Consultancy Services (TCS).

Asked about his successor's priorities, Ratan Tata had said in a recent interview, "I don't think it is right to have a ghost to shadow somebody. You should be your own person, you should take your own call and you should decide what you want to do.” Mistry has been working closely with Tata in preparation for the transition.

Tata Sons is the promoter of the major operating Tata companies and holds significant shareholdings in these firms. About 66 per cent of the equity capital of Tata Sons is currently held by various philanthropic trusts endowed by members of the Tata family. It owns the Tata name and several Tata trademarks registered in India and around the world.

 

Go to Top

Photo Gallery
London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

People walk under their umbrellas on snow covered road after fresh heavy snowfall in Shimla on ...

People walk under their umbrellas on snow covered road after fresh heavy snowfall in Shimla on ...

A camel performs during the ongoing 24th International Camel Festival in Bikaner on Sunday...

A camel performs during the ongoing 24th International Camel Festival in Bikaner on Sunday...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523