Mistry to be the new boss of Tata Motors from Dec 28
Mumbai: After the retirement of iconic business tycoon Ratan Tata, Cyrus P Mistry is all set to take charge as Chairman of the Tata Motors.
Mistry would hold the command from December 28.
"The Board of Directors of Tata Motors today announced the appointment of Cyrus P Mistry as the Chairman of the Board with effect from December 28, 2012, on the retirement of Ratan N Tata," the company said in a statement.
The board also conferred on Tata the honorary title of Chairman Emeritus, it added.
Earlier, Mistry was inducted into the company's board as the Deputy Chairman.
Mistry has been a director of Tata Sons since 2006 and was appointed Deputy Chairman last November.