February 21, 2017 | 250 words | 1-minute read
Mumbai: N Chandrasekaran today chaired his first board meeting as Chairman of Tata Sons, the principal investment holding company for more than 100 Tata operating companies.
Ratan N Tata, Chairman Emeritus of Tata Sons, said: “I welcome Chandra, who has successfully displayed his leadership in his career at Tata Consultancy Services. I am sure he will bring considerable value to his leadership role in the Tata group in the years ahead.”
Mr Tata added: “I wish Chandra every success for the future.”
Speaking ahead of the board meeting, Mr Chandrasekaran said: “In my new role, I will focus on three strategic priorities: bring the group closer together to leverage its enormous collective strength; reinforce a leader’s mindset among the operating companies and drive world-class operating performances across the group; bring greater rigour to our capital allocation policies and deliver superior returns to our shareholders. I look forward to working with my colleagues, the management teams and the boards of the companies towards achieving these goals.”
Mr Chandrasekaran added: “It is an honour to lead the Tata group as we near our 150th anniversary. The Tata group occupies a unique place in the hearts and minds of millions of Indians and also has established an important presence around the world.”
His inaugural board meeting as Chairman of Tata Sons follows his appointment as chairman of group operating companies including Tata Power, Tata Motors, Tata Steel and Tata Consultancy Services, where he was CEO from 2009-2017.