LATEST NEWS – Tata Sons on Thursday appointed Tata Consultancy Services (TCS) Chief Executive Natarajan Chandrasekaran as its new chairman. He will take over as the executive chairman from Feb. 21, Tata Sons said in a statement, adding the selection committee appointed by its board had unanimously recommended the group veteran for the job.
The decision came about three months after the $100-billion conglomerate in October ousted Cyrus Mistry and appointed Ratan Tata as its interim chairman, sparking a bitter public spat.
According to sources in the know, the five-member selection committee, comprising interim chairman Ratan Tata, TVS Group Chairman Venu Srinivasan, Bain Capital’s Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, held several meetings over the past few days to arrive at the decision to bring Chandrasekaran to the helm of affairs at the Tata group. READ MORE