TCS CEO N Chandrasekaran appointed Tata Sons chairman
Posted on:13 Jan 2017 09:28:21
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13 January 2017 Current Affairs: Tata Sons on 12 January 2017 appointed Natarajan Chandrasekaran as its Executive Chairman. With this appointment, Chandrasekaran becomes the first non-Parsi person to head Tata group. He will take charge of the company on 21 February 2017.The Tata Consultancy Services (TCS) Chief Executive Officer and Managing Director, Chandrasekaran, will succeed Cyrus Mistry, who was removed as group Chairman of Tata Sons in October 2016. In absence of Cyrus Mistry, Ratan Tata was looking after the company as the interim chairman. Cyrus Mistry ousted as Tata Sons chief; Ratan Tata returns in interim. The 53-year-old old businessman is only the third non-Tata after Nowroji Saklatwala and Cyrus Mistry to be named as Tata Sons chairman.The decision to appoint Chandrasekaran was as per the unanimous recommendation of the Selection Committee and was finalised at the company’s board meeting in Mumbai.An official release from the company read, “This is as per the unanimous recommendation of the Selection Committee. Chandrasekaran shall take charge from February 21, 2017”.The Board of Directors of Tata Sons believes that Chandrasekaran will inspire the entire Tata group worth of the 103-billion US dollar.
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