New Delhi: A day after the instant removal of Cyrus Mistry, on Tuesday interim chief Ratan Tata took charge and asked CEOs of section firms to on their business and not be worried by the change in top leadership.
The interim boss also asked all the CEOs to concentrate on raise returns to shareholders.
In one of the most horrific incidents that took the corporate world by shock, Board of Tata Sons on Monday dismiss Cyrus Mistry as the chairman of the group, just four years after he took the controls from his predecessor Ratan Tata.
The move left many, especially in the corporate world, stunned, as no purpose was given by the company for the sudden removal of Mistry as the chairman of Tata Sons.
All the company said about the replacement of Mistry was that it was done keeping in mind the “long-term interest” of the company.
The board then agreed Emeritus Chairman, Ratan Tata as the interim head for a period of four months in which the five-member search panel is to notice a replacement for Mistry.