Over two months of Tata Sons board battle in which former Chairman Cyrus Mistry was sacked unceremoniously, $103-billion Tata Group appointed Tata Consultancy Services (TCS) chief N Chandrasekaran as its new Executive Chairman of the conglomerate on Thursday.
On his appointment, Chandrasekaran said, “I am humbled and honoured to be chosen to lead a truly great institution that occupies a unique position in the hearts of people in India and the world. I am proud to have been part of the Tata family for over 30 years and assuming this position is a great privilege. I want to thank the Tata Sons Board and Ratan N Tata for their confidence in me to lead this trusted institution that has a rich heritage.”