Natarajan Chandrasekaran was appointed as the chairman of Tata sons on January 12. This comes a months after the Tata Sons removed Cyrus Mistry as its chairman, less than four years after he was appointed to the position.
Natarajan Chandrasekaran was previously the Managing director and the CEO of the Tata Consultancy Services and have been associated with the gigantic Tata group for years now. He was also the youngest CEO of the Tata group.
Cyrus Mistry who was removed as the Chairman of the Tata Sons was also ousted as the director of Tata Industries after being voted out by Extraordinary General Meeting at the Tata Industries.
Tata Sons had removed Mistry as chairman of Tata Sons in the month of October, less than four years after he was appointed to the position, saying that he had lost the confidence of the board due to several factors.
Ratan Tata, was reinstated as the chair in an interim capacity, upon his removal.
In an explosive confidential email to Tata Sons board members Mistry had said he inherited a debt-laden enterprise saddled with losses and went on to single out Indian Hotels Co, passenger-vehicle operations of Tata Motors, European operations of Tata Steel and part of the group’s power unit and its telecommunications subsidiary as “legacy hotspots.”
The company reportedly requested the board to remove Cyrus Mistry from the board while asserting that he being the director may lead to a “fragmentation” of the company.
