Tata Sons today replaced Cyrus P Mistry as chairman of Tata Sons and brought in former chief Ratan Tata as interim chairman. The decision was taken at a board meeting held today, according to press release issued by the group.

The board has constituted a selection committee to choose a new chairman.

The committee comprises Ratan Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the articles of association of Tata Sons. The committee has been mandated to complete the selection process in four months.

In addition to being Group Chairman, Mistry is also the chairman of leading Tata group companies including Tata Steel, Tata Motors, Jaguar Land Rover Automotive, Tata Consultancy Services, Tata Power Company, The Indian Hotels Company, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.

Mistry was earlier managing director of the Shapoorji Pallonji Group. Under his leadership, Shapoorji Pallonji’s construction business grew into a billion-dollar enterprise, evolving from pure-play construction to execution of complex projects in the marine, oil and gas, and rail sectors, across a number of international geographies.

About Cyrus Mistry

Mistry graduated with a degree in civil engineering from Imperial College, London, UK, in 1990. In 1997, he received an MSc in management from the London Business School. He is a recipient of the ‘Alumni Achievement Award’ from the London Business School, and is a fellow of the Institution of Civil Engineers, London.

Mistry serves as the co-chair of the India-US CEO Forum and the India-UK CEO Forum. He is also a member of the Presidential CEO Advisory Board of the Massachusetts Institute of Technology.

Mistry was the sixth Group Chairman. He was appointed as the Chairman of the Tata Sons board in December 2012. He has been a director of the company since 2006.