Cyrus Mistry removed as Tata Sons chief, Ratan Tata takes over

In a surprise move, Tata Sons today removed Cyrus Mistry as its Chairman, nearly four years after he took over the reins of the over USD 100 billion salt-to-software conglomerate.

Ratan Tata, who Mistry had replaced on December 29, 2012, has been appointed as interim Chairman for four months during which a search committee will look for a replacement.

CEOs at the operating company level have not been touched in the rejig.