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Ishaat Hussain Becomes The New TCS Chairman Replacing Cyrus Mistry

Mr. Cyrus Mistry has ceased to be the Chairman of the Board of Directors of the Tata Consultancy Services (TCS). Recently, the news revealing the ongoing split between Mr. Mistry and Ratan Tata created a lot of buzz everywhere. And now, the latest news following the ouster of Cyrus Mistry as TCS chief is garnering tremendous attention.

With the removal of Cyrus Mistry from the post, the search for the new chairman of Tata Sons got started. And Mr. Ishaat Hussain is appointed as the new chairman of the company but under terms and conditions.

Scroll further to know what Tata Sons have more to reveal.

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Ishaat Hussain Becomes The New TCS Chairman Replacing Cyrus
Mistry

Ishaat Hussain Becomes The New TCS Chairman Replacing Cyrus Mistry

754 396
  in Desi

An addition in the escalating war between the Tata Group and Cyrus Mistry.

An addition in the escalating war between the Tata Group and Cyrus Mistry.

There was already a rift going on between Tata Group and Mr. Mistry and finally the war took a dramatic turn.

Tata Consultancy Services (TCS) receives a notice from Tata Sons.

Tata Consultancy Services (TCS) receives a notice from Tata
Sons.

In a statement issued to the Bombay Stock Exchange, TCS said that it received a notice from parent Tata Sons regarding the new chairman of the Company.

Cyrus Mistry has ousted recently as the chairman of the company.

Cyrus Mistry has ousted recently as the chairman of the
company.

And to take a step further the company nominated the new chairman.

Well, Isshat Hussain has been appointed as the interim chairman of the company.

Well, Isshat Hussain has been appointed as the interim chairman of the company.

The 69-year-old Ishaat who holds various key posts in several Tata group companies replaces Mr. Mistry.

The company even added that Ishaat shall be holding the post until...

The company even added that Ishaat shall be holding the post until...

A new chairman gets appointed in his place.

Tata Sons also issued a notice to convene the meeting.

Tata Sons also issued a notice to convene the meeting.

The meeting would even discuss the removal process of Mr. Mistry.

This is the first time that Tata Sons exercised their power to remove Mr. Mistry.

This is the first time that Tata Sons exercised their power
to remove Mr. Mistry.

Tata Sons hold a majority of shares in the TCS which made it easier for them to appoint a new chairman.

So, what do you think would be the next step of Tata Sons?

So, what do you think would be the next step of Tata Sons?

Let us know in comments section.

Who do you think is a better choice of Ratan Tata?

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