Tata Sons removes Cyrus Mistry as Chairman

In a sudden move, Tata Sons, the holding company of Tata Group, has announced that its Board has removed Cyrus P. Mistry as Chairman of Tata Sons.

The decision was taken at a meeting of its Board held in Mumbai on Monday. The Board named Ratan N. Tata as interim chairman. 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.

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