Cyrus P Mistry appointed Deputy Chairman

The Board of Directors of Tata Sons at its meeting yesterday appointed Mr Cyrus P Mistry as Deputy Chairman. He will work with Ratan N Tata over the next year and take over from him when Mr. Tata retires in December 2012. This is as per the unanimous recommendation of the Selection Committee.

Endorsing the appointment, Ratan N Tata, Chairman of Tata Sons, said: The appointment of 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.

Tata Steel, London