Explorer

This is how N Chandrasekaran, new chairman of Tata Sons popularly known as

Mumbai: A day after the announcement of N Chandrasekaran as the new Chairman of Tata Sons, Ratan Tata today said the appointment is a "well deserved recognition of his proven leadership capabilities" and although the job is complex he will take the group to new heights while protecting its values. "I congratulate Chandra on his appointment as Chairman of Tata Sons and the Group. It is a well deserved recognition of his proven leadership capabilities," Tata said in a tweet. Ratan Tata expressed confidence on N Chandrasekaran Expressing confidence on the abilities of the new Chairman-designate, he added: "The job is complex but I am sure he will take the group to new heights while protecting the group's values and ethics at all times." Chandrasekaran was yesterday appointed the Chairman of Tata Sons, capping two months of the most bitter boardroom battle in the corporate history that followed the unceremonious sacking of Cyrus P Mistry and letting of bad blood ever since. Popularly known as 'Chandra' Popularly known as 'Chandra', the 54-year-old will take charge at the helm of USD 103-billion Tata Sons, the main holding company of the salt-to-software conglomerate from February 21. He will be the first non-Parsi chairman of the 150-year old Tata Group. Chandrasekaran was the CEO and MD of Tata Consultancy Services, the cash-cow for the group, since 2009. A Tata lifer, he had joined the company in 1987. He was appointed as a Director on the board of Tata Sons on October 25, 2016, just a day after Mistry's removal as Chairman. Ratan Tata was appointed as the interim Chairman of Tata Sons while a five-member panel was formed to search for a successor. Chandrasekaran has said the responsibility of his new assignment would require "binding the Group together (and its) the three-tier structure" with the "phenomenal" work that Tata Trusts - the majority holders of Tata Sons - has done very silently over a century in contributing to the society. Interestingly, his predecessor Mistry was sacked for "growing and untenable trust deficit between Tata Sons and the Tata Trusts".
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections: Report
Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections
Sunita Kejriwal Launches WhatsApp Campaign To Drum Up Support For Jailed Delhi CM
Sunita Kejriwal Launches WhatsApp Campaign To Drum Up Support For Jailed Delhi CM
Advertisement
for smartphones
and tablets

Videos

Bihar Seat Sharing: RJD to contest the upcoming polls on 26 seats-Sources | Elections 2024 |ABP NewsABP Shikhar Sammelan 2024: Anurag Thakur takes a jibe at Arvind Kejriwal's arrest | ABP NewsArvind Kejriwal Arrest: Sunita Kejriwal Launches WhatsApp Campaign To Drum Up Support For Jailed Delhi CMABP SHIKHAR SAMMELAN 2024: Here's What Defence Minister Reveals About His Further Political Plans

Photogallery

Embed widget