Indian Hotels' independent directors back Cyrus Mistry as chairman

New Delhi, Nov 4:?Independent directors of Indian Hotels on Friday unanimously expressed full confidence in former chairman Cyrus Mistry. In a statement today, Indian Hotels said, "The independent directors praised steps taken by Mistry in providing strategic direction and leadership to the company." The development comes hours after Tata Sons put in place a new management team for the $100 billion steel-to-software group, days after its board ousted Chairman Cyrus Mistry and disbanded his advisory council, triggering a public spat between him and Ratan Tata.
Ratan Tata, who is the interim chairman for the next four months, has put together a team of five executives, including two former Mistry advisers, Tata Sons said in a statement on Friday. The team comprises S. Padmanabhan, who currently leads the Tata business excellence group and will also be group human resources head, Gopichand Katragadda, who will continue in his current role as group chief technology officer, and Sanjay Singh, who will oversee public affairs in Delhi.
The new team also includes Mukund Rajan and Harish Bhat, formerly part of Mistry's five-member advisory council. Rajan will continue to be responsible for ethics and sustainability, and will also oversee the group's international operations in the United States, Singapore, Dubai and China.
Bhat, who oversees marketing, will also be brand custodian and interim strategy and business development head.
The remaining three Mistry advisers - Nirmalya Kumar, NS Rajan and Madhu Kannan - have left the company, Tata Sons said.
Tata veteran Prasad Menon, who last served as chairman of Vistara, an airline venture with Singapore Airlines, has also been brought in to help Ratan Tata temporarily, a source close to the company had told.
While Mistry has been removed as chairman of Tata Sons, he is still chairman of some of the key listed group companies such as Indian Hotels Co, Tata Motors, Tata Communications and Tata Steel.
Source: Agencies


  
  

Comments


No comments yet! Be the first one to leave a comment.


Add Comment

Name:
Email:
Comment:

More India News


CM Palaniswami defends police firing, says natural course against atta ..


After PM Modi accepts fitness challenge, Rahul Gandhi throws another a ..

- Nipah virus claims one more life in Kerala, death toll rises to 12
- India successfully test-fires BrahMos supersonic cruise
- Ajit Doval hasn't changed policy, just more hardline, says ISI ex-chief General
- Fuel prices hit the roof in India
- Three coaches of Andhra Pradesh Express catch fire in Gwalior
- Once again, Supreme Court Collegium stalls on Justice KM Joseph's name
- Once again, Supreme Court Collegium stalls on Justice KM Joseph's name
- Food processing industry in state facing several challenges, says Punjab Agricul
- PM Modi rode to power on promise of reducing fuel prices, why is he unable to cu
- Jammu and Kashmir: Three militants killed in encounter with security forces; civ
- Choose between development and communalism, Siddaramaiah tells Badami voters
- Jharkhand rape-murder case: 14 arrested, including prime accused
- If 10% of the Indians curious to know the truth
- SC terms killing of Himachal officer 'extremely serious', may take up case tomor
- Karnataka's milk subsidy: Win-win for kisans and kids
- Madhya Pradesh police recruitment: Medical examinations of men and women in same
- In 5 years, 46% hike in base: Tax net widens as individuals fuel the surge
- Modi avoided critical issues during 'casual' China visit: Sena
- Trump administration toughens H1-B visa procedure
- J&K Cabinet approves ordinance awarding death for rape of girl below 12 years

Related News

"Malicious allegations", says Tata group of Mistry's remarks in email
Mumbai, Oct 27:?The Tata group on Thursday termed ousted chairman Cyrus Mistry's remarks found in a confidential email sent to the .. read more
Tata Sons, Ratan Tata and Tata Trust file four caveats against Cyrus Mistry
New Delhi, Oct 25:?Tata Sons, Ratan Tata and Sir Dorabji Tata Trust have filed four caveats against former Tata Sons chairperson C .. read more
Lalu Prasad Yadav appears before CBI in connection with hotels-for-land scam
Oct 5:Rashtriya Janata Dal (RJD) leader Lalu Prasad Yadav appeared before the CBI for questioning on Thursday in connection with t .. read more
Tata Sons announces key organisational changes with immediate effect
Mumbai, Nov 4:?Tata Sons, the holding company of the diversified Tata Group, has announced key organisational changes in the $125 .. read more
Upscale hotels now prostitution dens in city
S M Abdul Samad HYDERABAD: Flesh trade organizers have now switched over to star hotels in and around the Hyderabad for organizing .. read more

More Related News

- Saudi women can become hotel chefs
- Committee gives nod for promotion of 51 officials
- GHMC ahead of other cities in providing free access to toilets for citizens
- Hotels reduce package rates by 2-3%; many urbanites plan to ring in New Year at home/house parties
- Hotels reduce package rates by 2-3%; many urbanites plan to ring in New Year at home/house parties
- J-K plays austerity card, no official meets at private hotels
- Dipika, Joshna train for World championship
- TS Govt positions 3.33 lakh quintal seeds for Khariff season
- KTR meets business heads at WEF's India Economic Summit
- RSS functionaries in every ministry, alleges Anand Sharma

More Latest News:

- CM Palaniswami defends police firing, says natural course against attack
- After PM Modi accepts fitness challenge, Rahul Gandhi throws another at him: 'Reduce fuel prices or face nationwide agitation'
- Shashi Tharoor tells Congress not to be embarrassed by cash crunch, suggests how to take on BJP's 'moneybags'
- Fissures in MP Congress unit ahead of party president Rahul Gandhi's visit
- Nipah virus claims one more life in Kerala, death toll rises to 12
- J&K: Lull in border firing after nine days
- KTR directs HMWSSB to complete road restoration works by June 15
- Schools in Telangana to reopen on June 1
- KTR calls for cooperation between public and private health care sector
- Delay in desiltation works worrying GHMC corporators
- Telangana to fill vacant posts in NIMS
- Hyderabad-based UDo will answer all your queries
- Telangana to launch e-mobility policy in June, says Jayesh
- Andres Iniesta signs with Japan's Vissel Kobe
- While Neymar continues recovery, Douglas Costa picks up injury
- Russians to take no part in World Cup drug testing: FIFA
- Race 3: Salman Khan turns lyricist for song Selfish. Here's how
- Aamir Khan on his earlier films: I was constantly swimming against the tide
- Malaysia's ex-leader Najib Razak questioned again in corruption scandal
- Thailand arrests senior monks in temple raids to clean up Buddhism
- 'Nut rage' Korean Air heiress questioned over illegal Filipino maids
- Telangana's Thurupu close to getting genetic recognition
- Citizens appealed to enroll in electoral rolls in Hyderabad
- Rumour of brain eating gangs reaches Hyderabad
- Ankita Raina sure-footed for clay course ahead of French Open qualifying
This page was created in 0.0504829883575 seconds