Comments
Country’s largest electricity producer in the private sector, Tata Power today said Ratan Tata has stepped down as chairman of the company.
“Effective November 8, Ratan N Tata has stepped down as chairman of Tata Power and Cyrus P Mistry, has been appointed chairman,” the company said in a statement.
Ratan Tata, who has been on the company board since 1989, would remain a board member till his retirement in December 2012.
Mistry, who would be succeeding as the chairman of Tata group, was inducted into Tata Power board on December 23, 2011.
“He (Mistry) also served on the board of Tata Power earlier for 10 years (from 1996 to 2006). A director of Tata Sons since 2006, he was appointed deputy chairman of Tata Sons in November 2011,” the statement said.
Tata Power has an installed generation capacity of 6,899 MW.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.