SAN FRANCISCO (Diya TV) — N Chandrasekaran, the newest chairman of Tata Sons is the first Non-Parsi Chairman in Tata & Son’s 150 year history. It is also the principle investment holding company for more than 100 operating companies — chaired his first meeting with the board Tuesday.
Shortly before the meeting began, Chandrasekaran laid out his top three priorities he will focus on as chairman of group operating companies such as Tata Motors, Tata Power and Tata Consultancy Services, where he served as chief executive from 2009 through this year.
Driving world-class performance is obviously one of his top priorities, Chandrasekaran also said he intends to bring greater rigor to the company’s capital allocation policies, and of course, delivering top-notch results to Tata shareholders. Wishing him success on his first day was none other than Ratan Tata, chairman emeritus of Tata Sons.
“I wish Chandra every success for the future. I welcome Chandra, who has successfully displayed his leadership in his career at Tata Consultancy Services. I am sure he will bring considerable value to his leadership role in the Tata group in the years ahead,” Tata said in a statement.
Speaking ahead of the board meeting, Chandrasekaran said: “In my new role, I will focus on three strategic priorities: bring the group closer together to leverage its enormous collective strength; reinforce a leader’s mindset among the operating companies and drive world-class operating performances across the group; bring greater rigor to our capital allocation policies and deliver superior returns to our shareholders. I look forward to working with my colleagues, the management teams and the Boards of the companies towards achieving these goals.”
He added: “It is an honor to lead the Tata group as we near our 150th anniversary. The Tata group occupies a unique place in the hearts and minds of millions of Indians and also has established an important presence around the world.”
