What Tata Group Observers Make Of Cyrus Mistry’s Exit
Appointing Ratan Tata as interim head was to quell foreign investors, says Morgen Witzel
The search for Cyrus Mistry’s successor, who was removed as the Tata Sons chairman today, will be a long and difficult one, according to two writers who have covered the Tata Group extensively.
Appointing Ratan Tata, a familiar face, as the interim head may have been to reassure overseas stakeholders, Morgen Witzel, the author of Tata: Evolution Of A Corporate Brand told BloombergQuint.
It may be possible that the group already has a potential successor in mind, Witzel added.
Also Read: From Ratan Tata To Cyrus Mistry And Back
Stanley Pignal from The Economist attributed Mistry's removal to the tame performance of the group's major companies under his leadership. Finding a replacement for Mistry in such a short time frame will be one of the most difficult tasks in corporate history, Pignal told BloombergQuint.
The one person who’s not so worried about finding a suitable replacement for Cyrus Mistry is Sunil Mithas who’s written a book on what companies can learn from the Tata Group on innovation and transformation.
