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N Chandrasekaran takes charges as Tata sons chairman

N Chandrasekaran takes charges as Tata sons chairman

Mumbai, Feb 21 (UNI) Natarajan Chandrasekaran has taken charge as Chairman, Tata Sons, being the first non-Parsi to take over reigns of the country's most diversified business group. Speaking to the media, outside the Bombay House here today, Chandrasekaran expressed his gratitude on the appointment, assuring that he will lead from the front in enhancing the company's goodwill. "I am very delighted to take over. We will do everything required to make everyone related to the company proud," said Chandrasekaran. "The group is in the hearts and minds of people in India and globally. We will work together to drive discipline on capital allocation and shareholder returns. This company has always shown tremendous spirit in terms of pioneering and leadership. I look forward to the appointment and seek your support," added Chandrasekaran. 'We will work together to deliver business performance which is industry leading in all our businesses, and lead ...And not follow," the 53-year-old Chandrasekaran told reporters. As Chandrasekaran reached the group headquarters around 0915 hrs within a few minutes, Ratan Tata and other board members also arrived. Earlier in February, Chandrasekaran was appointed to take over as the Chairman of Tata Power, while holding the post of Chairman of Tata Steel Ltd. and Tata Motors Ltd. He was also the CEO and Managing Director of Tata Consultancy Services (TCS), a leading global IT solutions and consulting firm. Chandra succeeds 79-year-old Ratan Tata, who had come back as the interim chairman of the group after a surprise ouster of Cyrus Mistry as the chairman on October 24 last year. UNI JS NV SM1338

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