Cyrus Mistry Removed As Chairman of Tata Sons: Here’s What Happened

 

In a surprise move, Tata Sons on Monday removed Cyrus Mistry as its Chairman, nearly four years after he took over the reins of the over USD 100 billion salt-to-software conglomerate. The decision was taken at a Board meeting held in Mumbai.

Ratan Tata, who Mistry had replaced on December 29, 2012, has been appointed as interim Chairman for four months during which a search committee will look for a replacement.