Press Esc to close
Tuesday 02 September 2014
News updated at 5:00 PM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

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
President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

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