Cyrus P Mistry appointed Chairman of Tata Sons

Tata Sons appoints Cyrus P Mistry as Chairman from Dec 28, 2012. Cyrus P Mistry appointed Chairman of Tata Sons.

Cyrus P Mistry was on December 18, 2012 formally appointed Chairman of Tata Sons, the holding company of the over USD 100 billion salt-to-software conglomerate, from December 28, when incumbent Ratan N Tata retires from the group.

“The Board of Directors of Tata Sons today announced the appointment of Cyrus P Mistry as the Chairman of the Board after Ratan N Tata retires on December 28, 2012,” Tata Sons said in a statement.

The Board has decided to confer on Tata the honorary title of Chairman Emeritus, it added.

Mistry, 44, was chosen as Tata’s successor in November last year and was appointed Deputy Chairman of Tata Sons, whose board he had entered in 2006.

Mistry belongs to the Shapoorji Pallonji & Co, a leading construction firm. His family is the single largest shareholder in Tata Sons with 18 per cent stake.

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