06 January 2017 Current Affairs: Tata Power Co has appointed S Padmanabhan as its chairman, in place of Cyrus Mistry who resigned last month.
Tata Power brought back S Padmanabhan, who was executive director of operations at the company until 2014, as an additional director on the board. He is also the executive chairman of the Tata Business Excellence Group and has recently been appointed as Tata Sons’ group head for human resources.
Tata Power had called for an extra ordinary general meeting of shareholders to take up the removal of Mistry as the chairman on December 26, but he rendered his resignation before that on December 19.
Padmanabhan has been with the Tata Group for 34 years, of which 26 were with Tata Consultancy Services .
The company had said during his stint with Tata Power between 2008 and 2014, he was “responsible for the profitable and sustainable operations of all thermal and hydro generation plants across India and transmission and distribution systems in Mumbai .
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