Tata Sons board replaces Cyrus Mistry as chairman

In an official statement released on its website, Tata Group has stated that the board of Tata Sons replaced Cyrus Mistry from the post of chairman. This decision was taken at a board meeting held today. The board has appointed Ratan Tata as the interim chairman.

The board has also set up a special selection committee to search for a new chairman. The selection committee has been given four months to find a replacement. The selection committee comprises of Ratan Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya,…