Jagmohan Garg highlights the board of Tata Sons has picked N. Chandrasekaran, CEO of the group’s most-profitable company, Tata Consultancy Services Ltd. (TCS), as his successor.
The Board of Directors of Tata Sons, in a swift move, appointed Mr. Chandrasekaran as Executive Chairman at a meeting held at the Tata Group headquarters Bombay House on Thursday.
“This is as per the unanimous recommendation of the Selection Committee,” Tata Sons said in a statement.
“Mr. Chandrasekaran has demonstrated exemplary leadership as the CEO and MD of TCS,” Tata Sons said in the statement, after the three-hour board meeting. “We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering to the practices of the Tata group which have stood it in good stead.”