ANI said on Monday that Tata Sons chairman N Chandrasekaran has been officially appointed as chairman of Air India.
Following the board meeting on Monday (March 14th), Tata Sons chief Chandrasekharan has been appointed as chairman of Air India.
Alice Givergis Vaidyan, former CMD of General Insurance Corporation, will also be added to the board as an independent director, according to sources close to the development.
N Chandrasekharan was re-appointed in February this year as chairman of Tata Sons – the holding company of the Salt-to-Software Tata Group – for a second five-year term.
His reappointment was backed by Ratan Tata, chairman of Tata Trust, the majority owner of Tata Sons.
Chandra, as he is commonly referred to, took over the reins of Tata Sons in 2017 at a time when the group was facing a leadership crisis and a lack of confidence after its predecessor Cyrus Mistry was ousted by the board. Until then, Chandra, a trusted lieutenant from Tatas, had managed the TCS, the group’s crown jewels and cash cows.
A large part of Chandra’s tenure has been spent in legal battles with Mistry.
He joined the Tata Sons board in October 2016, became chairman-elect in January 2017, and took office in February 2017. He also chairs boards of operating companies such as Tata Steel, Tata Motors, Tata Power and TCS.
Continuity of leadership will give investors and stakeholders confidence in the 154-year-old aggregate that makes salt in luxury sedans. As part of a digital transformation, the group is working on one of the core projects of an all-in-one e-commerce super-app – Moon, to market consumer goods and services extensively.
After successfully acquiring Air India Limited from the central government last year, the group is redesigning its aviation business.
(With input from PTI)
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