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04-19-2012, 11:03 AM #1
Cyrus Mistry re-designated as Tata Sons MDIn a quiet move, the board of Tata Sons has re-designated Cyrus Pallonji Mistry as the managing director of Tata Sons. The new designation became effective from April 1, 2012.
On November 23, 2011, Tata Sons named Mistry the successor to Ratan Tata, the current non-executive chairman of Tata Sons. Tata will retire by the end of calendar year 2012, when he attains 75 years on December 28.
Mistry is currently learning the ropes directly under Ratan Tata, shadowing the chairman as he prepares Mistry to take on the mantle for bigger responsibilities within the Tata group.
Mistry's induction is closely tracked within and outside Bombay House, the Tata headquarters. In recent times, he has met chief ministers of states such as Jharkhand and Gujarat, Union ministers and also been introduced to senior business captains of industry associations....being a human...