Tata Sons replaces Cyrus Mistry as chairman

Tata Sons replaces Cyrus Mistry as chairman
Tata Sons replaces Cyrus Mistry as chairman

MUMBAI: In a surprise development, the Tata Sons board on Monday replaced Cyrus P. Mistry as its Chairman.

Ratan N. Tata has been named as Interim Chairman of the company, it said.It also constituted a selection committee to choose a new chairman.

The Committee comprises Mr. Ratan Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons.

The committee has been mandated to complete the selection process in four months.

Tata Sons replaces Cyrus Mistry as chairman