MUMBAI:
Tata Sons, the promoter of major operating Tata companies, on Tuesday appointed
Jaguar
Land Rover CEO
Ralf Speth
and TCS CEO & MD N Chandrasekaran as additional directors, a day after
Cyrus Mistry was
ousted as chairman .
"Dr Ralf Speth, CEO of Jaguar Land Rover, and Mr N Chandrasekaran, CEO & managing director of Tata Consultancy Services (TCS), have been appointed as additional directors on the Tata Sons Board," the company said in a statement.
Commenting on their appointment,
Ratan Tata who took over as the interim chairman , said: "This is in recognition of their exemplary leadership in their companies."
With the appointments of Speth and Chandrashekharan, Tata Sons board has expanded to 12 members.
"Through these appointments the old tradition of Tata Sons of having CEOs of group firms on its board has been restored," a source said.
Krishna Kumar of Indian Hotels Co Ltd and JJ Irani of Tata Steel were notable members of Tata Sons board when
Ratan Tata was at the helm of the group before he retired in 2012.
The present board of Tata Sons includes Tata himself, along with Cyrus Mistry, Venu Srinivasan, Ronen Sen, Nitin Nohria, Farida Khambhata and Ajay Piramal, among others.
On Monday, in a sudden and dramatic turn of events, Cyrus Mistry was sacked as chairman of the Tata Group and replaced by his predecessor Ratan Tata in the interim.