A decision in this regard was taken at a Cabinet meeting held here today.
He has been appointed to the Transport Commissioner's post in place of R Sreelekha, IPS.
Rubber Marketing Federation Director S Ratnakumar will replace Thachankary as the Managing Director of Consumerfed.
Thachankary was reportedly not in good terms with Minister for Co-Operation C N Balakrishnan, who is in charge of Consumerfed.
Meanwhile, a section of Consumerfed workers protested against the transfer of Thachankary from the post.