Tata Group, the $100 billion conglomerate appoints Natarajan Chandrasekaran as the new Chairman of the Tata Sons Ltd. It will be effective from 21 February, 2017. Ratan Tata, who returned as the interim chief of Tata Group, handed over the baton to the CEO and Managing Director of TCS on January 12, 2017.
The Tata Group ousted Cyrus Mistry, who worked for around four years, in October 2016. This sparked several debates, including the war of words between Ratan Tata and Cyrus Mistry. Following his removal, the patriarch Ratan Tata became the interim chief of the group. A committee was also formed in order to select a new chairman by the end of February 2017. The five member committee consisted of Ratan Tata, Venu Srinivasan, Amit Chandra and Ronen Sen, including Lord Kumar Bhattacharya.
The group named Natarajan Chandrasekaran as its new chairman after several rounds of meetings. He is the first non-Parsi Chairman of the Tata Sons. Mr. Chandrasekaran, CEO and Managing Director of the Tata Consultancy Services, was also the Additional Director of the Tata Sons Board. Under his leadership, it has generated consolidated revenues of US $16.5 billion in the year 2015-16. Also, with around 378,000 consultants, TCS has become the largest private sector employers in the country. Not only the profit the company made convinced the selection committee, but also, the commitment to the culture of customer centricity and his ability to make big bets on new technology.
Natarajan Chandrasekaran completed his Bachelor of Science in Applied Sciences from the Coimbatore Institute of Technology, Coimbatore. Following this, he completed his Master of Computer Applications from Regional Engineering College, Trichy. On October 6, 2009, after nearly 22 years of joining TCS, he took over the charge as COO and Executive Director of TCS.
Credits: thehindubusinessline
This move, has come well before the fixed deadline and is warmly welcomed by the Tata Group. The Tata Sons in addition to this move, has also named the new CEO of TCS as Rajesh Gopinathan, who is currently the CFO and Vice-President of TCS, following the elevation of N Chandrasekaran. Rajesh said, “I would like to thank the TCS Board and Chandra for the privilege and honour to lead this great organisation”. He also added that it is definitely big shoes to fill.
