RATAN Tata as well as Cyrus Mistry met Prime Minister Modi to brief him of the upheaval in the $100 billion salt-to-software conglomerate. Tata is interim chairman of Tata Sons and Cyrus Mistry was unceremoniously removed as chairman of Tata Sons by its board earlier this week. Sources said that Mistry met Modi on Thursday and Tata on Friday. Mistry explained Prime Minister his view of the events and Tata briefed about the board level changes in the company.
Three Tata executives resigned
THREE executives at India’s Tata Sons have resigned. The executives were members of an executive council disbanded. All these people were brought in from outside to help Mr Mistry achieve his vision. Those who quit are group human resources chief N.S. Rajan; group business development and public affairs head Madhu Kannan; and group strategy executive Nirmalya Kumar.
London Business school professor and strategist Dr Nirmalys Kumar was inducted into the GEC in 2013. He was responsible for strategy for the group. Mr Kannan, who previously worked with the Bombay Stock Exchange (BSE) was handling Business Development and Public Affairs in the GEC for the group. GEC member Mr Rajan was the Chief Human Resources Officer of the Tata group and he had joined in mid 2013. Prior to that he was partner and global leader (people & organisations) at consulting firm Ernst & Young.