Tata Sons today announced that its Board has replaced Cyrus P Mistry as Chairman of Tata Sons. The decision was taken at a Board meeting held here on Monday.
The Board has named Ratan N Tata as Interim Chairman of Tata Sons. The Board has constituted a Selection Committee to choose a new Chairman.
Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman https://t.co/yy9H6k46Kv
— Tata Group (@TataCompanies) October 24, 2016
The Committee comprises Ratan N 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.