Press Esc to close
Thursday 05 March 2015
News updated at 1:25 PM IST
Weather
Max: 31.7°C
Min : 16.9°C
In Bengaluru
clear sky

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
Chief Minister Siddaramaiah at the inauguration of Emerging Manufacturing Entrepreneurs Resource Gro

Chief Minister Siddaramaiah at the inauguration of Emerging Manufacturing Entrepreneurs Resource Gro

Delhi Chief Minister Arvind Kejriwal meeting with a delegation of various Bar Associations of Delhi

Delhi Chief Minister Arvind Kejriwal meeting with a delegation of various Bar Associations of Delhi

BJP MP Jagadambika Pal celebrates Holi with TMC member Saugata Roy at Parliament

BJP MP Jagadambika Pal celebrates Holi with TMC member Saugata Roy at Parliament

A widow daubed in colours dances in the Holi celebrations organised by non-governmental organisation

A widow daubed in colours dances in the Holi celebrations organised by non-governmental organisation

Students of a gurukul take a water conservation pledge and also pay tribute to swine flu victims

Students of a gurukul take a water conservation pledge and also pay tribute to swine flu victims

Andhra Pradesh Chief Minister N Chandrababu Naidu celebrates holi with traditional artistes

Andhra Pradesh Chief Minister N Chandrababu Naidu celebrates holi with traditional artistes

Ireland's George Dockrell is bowled for 25 runs by South Africa's Morne Morkel to end their Cricket

Ireland's George Dockrell is bowled for 25 runs by South Africa's Morne Morkel to end their Cricket

The debris is being cleared after landslides on Jammu-Srinagar Jammu National Highway

The debris is being cleared after landslides on Jammu-Srinagar Jammu National Highway

Artist staged a play Visa Nirikshaneyelliddaga at the inauguration of Dalita Natakotsava

Artist staged a play Visa Nirikshaneyelliddaga at the inauguration of Dalita Natakotsava

Badly damaged road in Bengaluru

Badly damaged road in Bengaluru

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