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successor

November 23, 2011

Indian conglomerate Tata Group has announced a family member as the successor to current chairman Ratan Tata, as it continues to keep control of the company management in family hands.

Indian conglomerate Tata Group has announced a family member as the successor to current chairman Ratan Tata, as it continues to keep control of the company management in family hands.

Cyrus Pallonji Mistry, who has been on the board of the family’s holding company since 2006, has been named the group’s deputy chairman and will take over as chairman of the Tata Group in December next year, according to a statement.

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