Monday, 24 October 2016

Cyrus Mistry removed as Tata Sons chief, Ratan Tata takes over

Tata Sons on Monday removed Cyrus Mistry as its Chairman, about four years after he took over the reins of the over $100 billion salt-to-software conglomerate.

Ratan Tata, who Mistry had replaced on December 29, 2012, has been appointed as interim Chairman for four months during which a search committee will look for a replacement. 

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