Tata Sons shareholders remove Cyrus Mistry from its board

On January 6, the board had said that the the integrity of the board proceedings is being jeopardised by Mistry’s continuation as a director. 

Tata Sons shareholders remove Cyrus Mistry from its board
Chandrasekaran will take the charge from February 21 this year, it said. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Mon, Feb 06, 2017
04:45 pm
Mumbai, ZeeBiz WebDesk
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Tata Sons Limited on Monday said that the shareholders have voted to remove Cyrus Mistry as director of Tata Sons Limited. 

In a statement, the company said, "The shareholders of Tata Sons Limited, at the extraordinary general meeting held today, passed, with the requisite majority, a resolution to remove Mr. Cyrus P. Mistry as a Director of Tata Sons Limited."

On January 6, the board had said that the the integrity of the board proceedings is being jeopardised by Mistry’s continuation as a director. 

After the company in a surprise move suddenly announced removal of its former chairman Cyrus Mistry from the company's board in October 24 last year, Tata was in the search of new personnel to fill the post from its group companies.

On January 12, the Board of Tata Sons  announced appointment of Tata Group's IT firm TCS former managing director and chief executive officer N Chandrasekaran as the new executive chairman of the company.

Chandrasekaran will take the charge from February 21 this year, it said. 

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