Chandrasekaran will take Tata group to new heights, says Ratan Tata

 Ratan Tata, the interim chairman of Tata Sons, has expressed confidence that N Chandrasekaran, the newly appointed chairman of Tata Sons, will take the group to new heights by protecting its values and ethics.

“I congratulate Chandra on his appointment as chairman of Tata Sons and the group. It is a well deserved recognition of his proven leadership capabilities. The job is complex but I am sure he will take the group to new heights by protecting the group values and ethics at all times,” Ratan Tata said in a tweet. Meanwhile, India Inc on Friday welcomed the appointment of N Chandrasekaran as Tata Sons’ chairman.

New appointment

Tata Steel on Friday announced the appointment of N Chandrasekaran as an Additional Director of the company with immediate effect.

“Nomination and Remuneration Committee met on January 13, 2017, and unanimously recommended the induction of N Chandrasekaran as a member of the board,” Tata Steel said in a filing to the BSE.

“Based on the above recommendation, the Board of Directors of the company unanimously approved the appointment of N Chandrasekaran as an additional director of the company with immediate effect,” the filing said.

Over two months after the unceremonious sacking of Cyrus Mistry, $103-billion Tata Group had on Thursday named TCS chief N Chandrasekaran as the new Executive Chairman of Tata Sons.