[New Delhi] Ratan Tata Toppled Cyrus Mistry And Takes Back Salt-to-Software Conglomerate.
In a surprise move, Tata Sons today 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.
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.
CEOs at the operating company level have not been touched in the rejig.
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