Tata Sons has appointed Mr. N. Chandrasekaran as chairman. He takes charge from February 21, 2017 and succeeds Cyrus Mistry who was removed from his position in October.
Mistry has subsequently been involved in a public spat with Ratan Tata and has criticised the running and culture of the conglomerate that includes Tata Motors.
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Chandrasekaran takes up the new role following a period as chief of Tata’s consulting arm.
The Board of Tata Sons said in a statement: “Mr. Chandrasekaran has demonstrated exemplary leadership as the Chief Executive Officer and Managing Director of Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.”
Mr. Chandrasekaran was the Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) 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.
During his tenure as TCS chief executive, he has presided over strong growth for the IT services company. It accounted for around two-thirds of Tata Group net profit in the last financial year.
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