India's Tata Sons appoints new chairman

Chandrasekaran replaces former chairman Cyrus Mistry who was ousted by Tata Sons

Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), Natarajan Chandrasekaran speaks during a news conference in Mumbai on January 12, 2017. PHOTO: AFP

NEW DELHI:
India's salt-to-steel conglomerate Tata Sons appointed Natarajan Chandrasekaran, the chief of its IT services unit, as the new chairman of its board, the company said in a statement.

Chandrasekaran, who currently heads software giant Tata Consultancy Services, will take charge from February 21 -- replacing former chairman Cyrus Mistry who was ousted by Tata Sons, the holding company of the sprawling $103 billion Tata Group.


Cyrus Mistry resigns from all Tata companies

"The Board of Directors of Tata Sons, at its meeting today, appointed Mr. N. Chandrasekaran as Executive Chairman," Tata Sons said in a statement.
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