<div align="justify">A day after the announcement of N Chandrasekaran as the new Chairman of Tata Sons, Ratan Tata today said the appointment is a "well deserved recognition of his proven leadership capabilities" and although the job is complex he will take the group to new heights while protecting its values.<br /><br />"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," Tata said in a tweet.<br />Expressing confidence on the abilities of the new Chairman-designate, he added: "The job is complex but I am sure he will take the group to new heights while protecting the group's values and ethics at all times."<br /><br />Chandrasekaran was yesterday appointed the Chairman of Tata Sons, capping two months of the most bitter boardroom battle in the corporate history that followed the unceremonious sacking of Cyrus P Mistry and letting of bad blood ever since.<br /><br />Popularly known as 'Chandra', the 54-year-old will take charge at the helm of USD 103-billion Tata Sons, the main holding company of the salt-to-software conglomerate from February 21. He will be the first non-Parsi chairman of the 150-year old Tata Group.<br /><br />Chandrasekaran was the CEO and MD of Tata Consultancy Services, the cash-cow for the group, since 2009. A Tata lifer, he had joined the company in 1987. He was appointed as a Director on the board of Tata Sons on October 25, 2016, just a day after Mistry's removal as Chairman.<br /><br />Ratan Tata was appointed as the interim Chairman of Tata Sons while a five-member panel was formed to search for a successor. Chandrasekaran has said the responsibility of his new assignment would require "binding the Group together (and its) the three-tier structure" with the "phenomenal" work that Tata Trusts - the majority holders of Tata Sons - has done very silently over a century in contributing to the society.<br /><br />Interestingly, his predecessor Mistry was sacked for "growing and untenable trust deficit between Tata Sons and the Tata Trusts".</div>
<div align="justify">A day after the announcement of N Chandrasekaran as the new Chairman of Tata Sons, Ratan Tata today said the appointment is a "well deserved recognition of his proven leadership capabilities" and although the job is complex he will take the group to new heights while protecting its values.<br /><br />"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," Tata said in a tweet.<br />Expressing confidence on the abilities of the new Chairman-designate, he added: "The job is complex but I am sure he will take the group to new heights while protecting the group's values and ethics at all times."<br /><br />Chandrasekaran was yesterday appointed the Chairman of Tata Sons, capping two months of the most bitter boardroom battle in the corporate history that followed the unceremonious sacking of Cyrus P Mistry and letting of bad blood ever since.<br /><br />Popularly known as 'Chandra', the 54-year-old will take charge at the helm of USD 103-billion Tata Sons, the main holding company of the salt-to-software conglomerate from February 21. He will be the first non-Parsi chairman of the 150-year old Tata Group.<br /><br />Chandrasekaran was the CEO and MD of Tata Consultancy Services, the cash-cow for the group, since 2009. A Tata lifer, he had joined the company in 1987. He was appointed as a Director on the board of Tata Sons on October 25, 2016, just a day after Mistry's removal as Chairman.<br /><br />Ratan Tata was appointed as the interim Chairman of Tata Sons while a five-member panel was formed to search for a successor. Chandrasekaran has said the responsibility of his new assignment would require "binding the Group together (and its) the three-tier structure" with the "phenomenal" work that Tata Trusts - the majority holders of Tata Sons - has done very silently over a century in contributing to the society.<br /><br />Interestingly, his predecessor Mistry was sacked for "growing and untenable trust deficit between Tata Sons and the Tata Trusts".</div>