Mistry to take over as Tata Motors' chairman December end
Automobile major Tata Motors Thursday announced the appointment of Tata Sons' chairman-designate Cyrus P. Mistry as its chairman effective Dec 28, 2012.
"The board of directors of Tata Motors today (Thursday) announced the appointment of Mistry as the chairman of the board with effect from Dec 28, on the retirement of Ratan Tata," the company said in a statement.
According to the statement, the company's board conferred on Tata with the honorary title of chairman emeritus.
Mistry was appointed deputy chairman of Tata Sons Limited, the parent company, in November last year.