N Chandresekaran appointed new Tata Sons Chairman, says intends to ‘return growth rates of mid-teens’

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New Delhi | Updated: January 12, 2017 9:19 PM

After being appointed the new Tata Sons Chairman, thereby replacing interim Chairman Ratan Tata, N Chandrasekaran reacted and said that he was honored to be given the responsibility of running the Tata Group.

Chandrasekaran emerged triumphant after beating Noel Tata and Harish Manwani among a few others. (Reuters)Chandrasekaran emerged triumphant after beating Noel Tata and Harish Manwani among a few others. (Reuters)

After being appointed the new Tata Sons Chairman, thereby replacing interim Chairman Ratan Tata, N Chandrasekaran reacted and said that he was honored to be given the responsibility of running the Tata Group. The appointment comes in the wake of great uncertainty at the group where the spat between Ratan Tata and ousted Chairman Cyrus Mistry had led to a number of revelations that hit the brand hard and even affected its stock in the market. Quite a few reputations were besmirched over the months as the opposing parties exchanged barbs. Chandrasekaran emerged triumphant after beating Noel Tata and Harish Manwani among a few others. Here is what Chandrasekaran had to say after his appointment.

Amid internal disputes within the board as the Tata Sons appoints N Chandrasekarn as the new Chairman of the group, the former TCS chief, thanking everyone for the ‘tremendous support’ stated that he will take over in the key position of the group from February 21.

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Chandrasekaran thanked the Tata Sons group and Ratan Tata for having confidence over him and said that he is aware that his chairmanship comes with huge responsibilities. Citing that the position he will be taking over requires several leadership qualities, Chandrasekaran said that over a period of time he will grow in the Chairman role. Stating that the ethics and values of the Tata group are of high importance, Chandrasekaran mentioned that the common men always say, “Tata Humare company hai”. He also said that here are always business challenges, ups and downs in a company, but over the years leaders have contributed to make the group what it is today.

With the declaration of the date he will take over, Chandrasekaran had also mentioned that Rajesh Gopinathan will be the next CEO of the TCS and NG Subramaniam is appointed as the COO of TCS. With praises on the new CEO of the TCS, Chandrasekaran stated R Gopinathan as a rare combination of business and financial acumen and said that he is confident that he will lead TCS to great heights. The newly appointed Tata Sons Chairman also lauded the work structure of TCS stating that TCS has a tremendous leadership team. He also said that TCS have a bright future and all investments to the company have been made.

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