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Reply #58: Cyrus Mistry to lead Tata Group [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 11:32 AM
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58.  Cyrus Mistry to lead Tata Group

Cyrus Mistry has been selected as head of Indias powerful Tata Group of companies. The 42-year-old will shadow Ratan Tata, who chairs the business and is recognised as one of the worlds most important industrialists, for a year in the role of deputy chairman. He is expected to take over as chairman in December 2012.

The choice of Mr Mistry, who was educated at Londons Imperial College and at the London Business School, is likely to surprise some observers. Mr Tatas half-brother, Noel, was seen as a frontrunner.

Lord Bhattacharyya, a British peer who is a member of
the selection committee, said that Mr Mistry was eminently suitable. He is the younger son of construction tycoon Pallonji Mistry, who owns 18 per cent of Tata Group. He is a member of Tata Sons, a key group holding company.

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