Natarajan Chandrasekaran appointed Chairman of Tata Motors

Photo of Natarajan Chandrasekaran appointed Chairman of Tata Motors.

Mumbai: Tata Sons’ Executive Chairman-elect Natarajan Chandrasekaran today appointed as an Additional Director and Chairman of its Board with immediate effect by the Tata Motors.

“In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors have today appointed Chandrasekaran as Additional Director and Chairman of the Board with immediate effect,” the company informed the BSE.

A 53-year-old, Chandrasekaran, on January 12th, was appointed as the Executive Chairman-elect of Tata Sons-the first non-Parsi to head the $103-billion global empire with a 148-year history.

The Tata Group veteran will take charge as the Executive Chairman of Tata Sons from February 21, 2017. He succeeds Cyrus Mistry, who was removed as Tata Sons’ Chairman on October 24, 2016.

A statement from Tata Sons on January 12, 2017 said, “Chandrasekaran has demonstrated exemplary leadership as the Chief Executive Officer and Managing Director of Tata Consultancy Services.”

The statement added, “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.”

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