india\s tata names successor to iconic boss
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

India's Tata names successor to iconic boss

Arab Today, arab today

Arab Today, arab today India's Tata names successor to iconic boss

Mumbai - AFP

India's salt-to-steel group Tata on Wednesday appointed a new chairman-elect, ending a long search for a successor to veteran chairman and business icon Ratan Tata, who will step down next year. Cyrus P. Mistry, a 43-year-old existing board member, was named as deputy chairman of the Tata Sons group and will take over the reins next year, the company said in a statement, ending years of speculation. "The board of directors of Tata Sons at its meeting today appointed Mr Cyrus P. Mistry as deputy chairman," the company said in an emailed statement. "He will work with Mr Ratan Tata over the next year and take over from him when Mr Tata retires in December 2012." As well as being a Tata Sons board member, Mistry is also the managing director of the real estate-to-energy Shapoorji Pallonji Group, which has an 18-percent stake in the Tata conglomerate. He has been a director at Tata Sons since August 2006 and is a civil engineering graduate from Imperial College, London, with a master's degree in management from the London Business School. Ratan Tata, 73, is one of India's most powerful industrialists who has propelled the group's global expansion. The multi-billion dollar group was founded in 1868 and has always been steered by a family member. The softly-spoken industrialist's announcement that he was to step down in December next year triggered a hunt for his successor, with his half-brother, Noel, seen as one of the main contenders. The company, which owns British luxury car marques Jaguar and Land Rover as well as European steel giant Corus, set up a panel in August 2010 to find a new chairman.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s tata names successor to iconic boss india\s tata names successor to iconic boss

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s tata names successor to iconic boss india\s tata names successor to iconic boss

 



GMT 03:07 2017 Wednesday ,25 January

Health care veterans, pioneers awarded

GMT 05:44 2017 Saturday ,11 November

Business as usual as Hamilton dominates Brazil practice

GMT 11:08 2018 Thursday ,25 October

Russia to be at very high level at conference on Libya

GMT 15:00 2012 Saturday ,21 April

Nelly Karim: Egypt akin to \'Hiya Fawda\'

GMT 03:02 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 00:51 2017 Tuesday ,24 October

HH the Emir Meets Foreign Minister of Kuwait

GMT 05:42 2017 Saturday ,02 September

64 dead in clashes in Raqa province

GMT 00:08 2017 Sunday ,05 March

Desperate migrants escape Libya 'hell'

GMT 19:24 2016 Saturday ,12 November

Israeli air forces attack Syrian position in Qunaitera
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday