TCS CEO N Chandrasekaran appointed Tata Sons chairman
A press release said Chandrasekaran will take the charge on 21 February. His appointment comes after the Tata sons removed Cyrus Mistry as the Chairman.
Tata Sons on 12 January 2017 appointed Natarajan Chandrasekaran as its Executive Chairman. With this appointment, Chandrasekaran becomes the first non-Parsi person to head Tata group. He will take charge of the company on 21 February 2017.
The Tata Consultancy Services (TCS) Chief Executive Officer and Managing Director, Chandrasekaran, will succeed Cyrus Mistry, who was removed as group Chairman of Tata Sons in October 2016. In absence of Cyrus Mistry, Ratan Tata was looking after the company as the interim chairman.
The 53-year-old old businessman is only the third non-Tata after Nowroji Saklatwala and Cyrus Mistry to be named as Tata Sons chairman.
The decision to appoint Chandrasekaran was as per the unanimous recommendation of the Selection Committee and was finalised at the company’s board meeting in Mumbai.
An official release from the company read, “This is as per the unanimous recommendation of the Selection Committee. Chandrasekaran shall take charge from February 21, 2017”.
The Board of Directors of Tata Sons believes that Chandrasekaran will inspire the entire Tata group worth of the 103-billion US dollar.
In addition to this, the company also appointed Rajesh Gopinathan as Chief Executive Officer and Managing Director of TCS. Gopinathan will succeed N Chandrasekaran who has been appointed as the Chairman of Tata Sons Ltd.
Besides Gopinathan, TCS also named N Ganapathy Subramaniam as a director on the board of the company. At the time of appointment, Subramaniam was serving the Tata group as President and Chief Operating Officer of TCS Financial Solutions.
• He was the Chief Executive Officer and Managing Director of Tata Consultancy Services since 2009.
• Considered as a Tata lifer, Chandrasekaran had joined the company in 1987.
• On 25 October 2016, he was appointed as a Director on the board of Tata Sons.
• He is one of the youngest CEOs of the Tata Group.
• Under him, TCS has generated consolidated revenues of US $16.5 billion in 2015-16.
• TCS with over 353000 consultants is the largest private sector employers in India with the highest retention rate in a globally competitive industry.
• Chandrasekaran, who completed his Master of computer applications from the Regional Engineering College, Trichy (now National Institute of Technology, Tiruchirappalli) in 1986, took over as CEO at TCS on 6 October 2009 prior.
• He has been non-official director of Reserve Bank of India (RBI) since 5 March 2016.
• He is a senior member of Institute of Electrical and Electronic Engineers (IEEE).
• He is also an active member of Computer Society of India and British Computer Society.
• In April 2012, he was nominated as the Chairman of Indian IT industry body NASSCOM.
In addition to his professional life, Chandrasekaran is a passionate long-distance runner and had completed marathons in Amsterdam, Berlin, Boston, Chicago, New York, Tokyo and Mumbai.