More than two months after the sacking of Cyrus Mistry, USD 103-billion Tata Group on Thursday appointed TCS chief Natarajan Chandrasekaran as the new Chairman of Tata Sons, which recently witnessed the country’s most bitter boardroom battle.
He was chosen to step into the shoes of interim Chairman Ratan Tata, who took over on October 24 last year after the removal of Mistry. At TCS, Chandrasekaran would be succeeded by Rajesh Gopinathan, currently the company’s chief financial officer.
Here is who said what:
Ishaat Hussain, TCS Director: "He is absolutely the perfect choice, a great leader"
Arundhati Bhattacharya, SBI Chairman: "We heartily welcome the appointment of Mr. Chandrasekaran as the chairman of Tata Sons. Sure that this will enable Tata Group to continue in its endeavour in retaining their premiere position in country."
Tata Sons: “The Board of Directors of Tata Sons, at its meeting today, appointed N Chandrasekaran as Executive Chairman. This is as per the unanimous recommendation of the Selection Committee.”
Tata Sons board: “Mr Chandrasekaran has demonstrated exemplary leadership as the Chief Executive Officer and Managing Director of Tata Consultancy Services.
“We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.”