Ratan Tata thanks SC for upholding the removal of Mistry from the board in the Tata-Mistry Case.
Tata Trusts likely to consider Pramit Jhaveri, former CEO of Citi India and Tata Group’s Noel Tata as nominees on the board of Tata Sons as positions get vacated at the board of the holding company of Tata Group firms. The board is likely to decide on the appointments in the next few weeks.
Cyrus Mistry‘s vestigial presence at Tata Sons formally ended today as the company decided to oust him as a director of the Tata Sons board at an extraordinary general meeting.
Stating that the Tata group is at an inflection point, newly-appointed Tata Sons Chairman N Chandrasekaran today said his aim would be to help progress the conglomerate "with the ethos, ethics and values that the Tata group has been built on".
A day after Cyrus Mistry was sacked as Chairman of Tata Sons, Tata Group expanded the board of the company appointing Ralf Speth and N Chandrasekaran as Additional Directors on Tata Sons' Board. The board now consists of 11 members.