Tata Group names successor to chairman Ratan Tata
The 143-year-old Tata Group has more than 100 companies in more than 80 countries, employing 425,000 people.
Cyrus P Mistry (43) a graduate of the London Business School;youngest son of construction baron Pallonji Shapoorji Mistry;joined the board of Tata Sons in 2006, and has been a director of Tata Power and Tata Elxsi is named the successor to chairman Ratan Tata and will spend a year as Deputy Chairman under Ratan Tata until he takes over the reins in December 2012.(Ratan Tata was appointed chairman of the group in 1991)
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