Mumbai: In the latest move by Tata Group, Ishaat Hussain has been chosen as the interim chairman of Tata Consultancy Services (TCS).
He will be replacing Cyrus Mistry, the ousted chairman of Tata Sons. The company informed the Bombay Stock Exchange (BSE) about the latest development. Tata Consultancy Services Ltd said it received a letter from majority owner Tata Sons naming Ishaat Hussain as the interim chairman of the company in position of Cyrus Mistry.
Mistry has terminated to be the Chairman of the Board of directors of the company, and Hussain is the new Chairman of the company. The company has been further informed that Ishaat Hussain shall hold office as Chairman of the company until a new Chairman is appointed, the company said in a filing with the exchanges.
Hussain will be the interim chairman of TCS and assist the office till new chairman gets chosen. Hussain has served as the Finance Director of Tata Sons Ltd. Starting July 28,2000 till recently.