Advertisment

Cyrus Mistry to succeed Ratan Tata

author-image
CIOL Bureau
New Update

MUMBAI, INDIA: Tata Sons, the apex holding company of the Tata group, today announced the successor of Ratan Tata.

According to various media reports, Cyrus Pallonji Mistry will succeed Ratan Tata at the helm of Tata Sons. He's been appointed as deputy chairman and will work with Tata for one year, before taking over.

Advertisment

Mistry, younger son of Pallonji Mistry, is the largest single shareholder in the Tata group's holding company. Mistry was a director of Tata Sons and Tata Elxsi (India).

Apart from the Tata Group, he also serves as a director on the board of several other companies, including Shapoorji Pallonji & Co, Forbes Gokak, Afcons Infrastructure and United Motors (India), the reports added.

Born on July 4, 1968, Mistry graduated from the Imperial College, London with a BE in civil engineering. He also holds a masters degree in management from the London Business School, and is a fellow of the Institution of Civil Engineers.

Ratan Tata is to step down at the end of 2012, when he turns 75.

tech-news