Tata Motors on Tuesday appointed Tata group chief designate N Chandrasekaran as its Chairman with immediate effect. In a regulatory filing, the company said “the Board of Directors have today appointed Natarajan Chandrasekaran as additional director and Chairman of the board with immediate effect”.
The appointment comes within a week of Tata Sons announcing Chandrasekaran as its Executive Chairman, capping two months of a bitter boardroom battle that followed the unceremonious sacking of Cyrus Mistry and letting of bad blood ever since.
Popularly known as ‘Chandra’, the 54-year-old will take charge at the helm of $103-billion Tata Sons, the main holding company of the salt-to-software conglomerate from February 21. He will be the first non-Parsi chairman of the 150-year old Tata Group.
At Tata Motors, he will have to take the responsibility of turning around the struggling homegrown auto major which is trying to regain lost ground, specially in the passenger vehicles segment.