Ratan Tata has contributed all that he could to help Tata reach the zenith. For nearly an year it was under suspense who will take a place of Mr. Ratan Tata, once he gets retired. Interestingly today Mr. Tata himself turned up and announced the name of the person who will fill his place.
Cyrus P. Mistry, son of Pallonji Mistry who happens to be the largest shareholder (16.5 %), will lead the company after Mr. Tata gets retired in December 2012. Cyrus P. Mistry has been appointed as Deputy Minister of Tata Sons and will work along with Mr. Ratan Tata for the next one year.
Since August 2006 Cyrus Mistry has been working with Tata Sons and has proved himself at time and again now he will have the opportunity to head the company.
image- Cyrus P Mistry
Read what Mr. Ratan Tata had to say about Cyrus Mistry:
“The appointment of Mr Cyrus P Mistry as Deputy Chairman of Tata Sons is a good and far-sighted choice. He has been on the board of Tata Sons since August 2006 and I have been impressed with the quality and caliber of his participation, his astute observations and his humility. He is intelligent and qualified to take on the responsibility being offered and I will be committed to working with him over the next year to give him the exposure, the involvement and the operating experience to equip him to undertake the full responsibility of the group on my retirement.”
Mistry has a degree in civil engineering from Imperial College, London and completed his masters in science from London Business School.