1. Days after Cyrus Mistry’s replacement, three other members quit the Tata Sons group

Days after Cyrus Mistry’s replacement, three other members quit the Tata Sons group

Days after the Tatas replaced Cyrus Mistry as the chairman of the Tata Sons group, with Ratan Tata as the new chairman, three other members, who were part of the advisory council of the ousted head, had also quit.

By: | New Delhi | Updated: October 29, 2016 3:09 PM
Cyrus Mistry, Cyrus mistry appointment, Cyrus Mistry resigns, Ratan Tata, Ratan Tata chairman of the group, Cyrus Mistry replaced, Cyrus Mistry news, Cyrus Mistry tata group, Tata, Tata Group, Tata Group Chairman, Shapoorji Pallonji, Tata sons, Tata Elxsi Reportedly, Rajan was handpicked by the ousted chairman Cyrus Mistry. (Source: AP)

Days after the Tatas replaced Cyrus Mistry as the chairman of the Tata Sons group, with Ratan Tata as the new chairman, three other members, who were part of the advisory council of the ousted head, had also quit. Tata groups’ Chief of Human Resources NS Rajan was one, among the members who had put their papers, along with business development officer Madhu Kannan, strategist Nirmalya Kumar.

Reportedly, Rajan was handpicked by the ousted chairman Cyrus Mistry and his exit might speculatively be triggered from the replacement of Mistry with Ratan Tata. Rajan had earlier worked for a multi-national professional services based out of London, E&Y, as a global leader. He had also been associated with Ranbaxy, Asian Paints and ABC Consultants. Rajan joined the Tata group as the CHRO in 2013.

On October 24, the Tata Sons group replaced Cyrus Mistry as the the chairman, citing under-performance, following which former chairman Ratan Tata took over the position. With raising criticism in the corporate sector on the way Mistry was replaced, days later the ousted chairman hit back at the Tatas, in a letter which mentioned series of allegations against the Tata Group and Ratan Tata including those relating to fraudulent transactions, unethical practices and conflict of interest.

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