N Chandrasekaran on Tuesday chaired his first board meeting as the new chief of Tata Sons, the holding company of the $100-billion Tata group. Mr Chandrasekaran, widely known as Chandra, took over as chairman, months after the firm ousted predecessor Cyrus Mistry in a bitter boardroom coup with family patriach Ratan Tata returning to the helm temporarily. A public spat between Tata Sons and Mr Mistry followed his removal in October last year and the two are now involved in a legal tussle.
Mr 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."
ALSO READ: As N Chandrasekaran Takes Over At Tatas, The 'Ailing Children' He Must Cure
Speaking ahead of the board meet, 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."
His inaugural board meet as the Tata Sons' chief follows his appointment as chairman of many group operating companies including Tata Power, Tata Motors, Tata Steel and Tata Consultancy Services (TCS), where he was CEO from 2009-2017.
ALSO READ: Tatas Will Lead, Not Follow, Says New Chairman Chandrasekaran
Mr Chandrasekaran, 53, takes the helm at a time when several companies in the conglomerate have seen profits come under pressure.
N Chandrasekaran on Tuesday chaired his first board meeting as the new chief of Tata Sons, the holding company of the $100-billion Tata group. Mr Chandrasekaran, widely known as Chandra, took over as chairman, months after the firm ousted predecessor Cyrus Mistry in a bitter boardroom coup with family patriach Ratan Tata returning to the helm temporarily. A public spat between Tata Sons and Mr Mistry followed his removal in October last year and the two are now involved in a legal tussle.
Mr 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."
ALSO READ: As N Chandrasekaran Takes Over At Tatas, The 'Ailing Children' He Must Cure
Speaking ahead of the board meet, 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."
His inaugural board meet as the Tata Sons' chief follows his appointment as chairman of many group operating companies including Tata Power, Tata Motors, Tata Steel and Tata Consultancy Services (TCS), where he was CEO from 2009-2017.
ALSO READ: Tatas Will Lead, Not Follow, Says New Chairman Chandrasekaran
Mr Chandrasekaran, 53, takes the helm at a time when several companies in the conglomerate have seen profits come under pressure.
N Chandrasekaran on Tuesday chaired his first board meeting as the new chief of Tata Sons, the holding company of the $100-billion Tata group. Mr Chandrasekaran, widely known as Chandra, took over as chairman, months after the firm ousted predecessor Cyrus Mistry in a bitter boardroom coup with family patriach Ratan Tata returning to the helm temporarily. A public spat between Tata Sons and Mr Mistry followed his removal in October last year and the two are now involved in a legal tussle.
Mr 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."
ALSO READ: As N Chandrasekaran Takes Over At Tatas, The 'Ailing Children' He Must Cure
Speaking ahead of the board meet, 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."
His inaugural board meet as the Tata Sons' chief follows his appointment as chairman of many group operating companies including Tata Power, Tata Motors, Tata Steel and Tata Consultancy Services (TCS), where he was CEO from 2009-2017.
ALSO READ: Tatas Will Lead, Not Follow, Says New Chairman Chandrasekaran
Mr Chandrasekaran, 53, takes the helm at a time when several companies in the conglomerate have seen profits come under pressure.
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