Cyrus Mistry removed, Ratan Tata interim boss of Tata group

cyrus-mistryIn a sudden and surprise move, the Tata Sons limited has removed Cyrus Mistry from the post of Chairman and handed over the reigns to Ratan Tata till a new chairman is appointed. Mr Ratan will be in the seat for four months.

A search panel has been appointed that includes Ronen Sen, Venu Srinivasan, Lord Kumar Bhattacharya and Amit Chandra along with Ratan Tata.

Cyrus was appointed four years back after Ratan stepped down voluntarily after attaining an age of 75 years.

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