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Posted on Dec 18, 09:48PM | IBNS
The Board of Directors of Tata Sons Tuesday announced the appointment of Cyrus P. Mistry as the Chairman of the Board, as the latter steps into the shoes of Ratan N. Tata who retires on Dec 28.
The Board conferred on Ratan Tata the honorary title of Chairman Emeritus.
Earlier on Friday, the Board of Directors of Tata Chemicals had announced the appointment of Cyrus Mistry as the Chairman of the Board with effect from the same date.
A Director of Tata Sons since 2006, Mistry was appointed Deputy Chairman of Tata Sons in November 2011.
A part of the over USUSD 100 billion Tata Group, Tata Chemicals Limited (TCL) is a global company with interests in businesses that focus on LIFE -Living, Industrial and Farm Essentials.
1968-born Cyrus Pallonji Mistry is the youngest son of Irish construction magnate Pallonji Mistry.
Mistry will be the sixth chairman of the group and the second not named Tata after Sir Nowroji Saklatvala.
Apart from the Tata Group,Mistry also serves as a director on the board of several other firms, including Shapoorji Pallonji and Co., Forbes Gokak, Afcons Infrastructure and United Motors (India).