N Chandrasekaran Takes Charge At Tata Sons, Outlines Three Strategic Priorities
N Chandrasekaran wants to bring greater rigour to Tata Sons’ capital allocation policies
N Chandrasekaran took charge as the chairman of Tata Sons Ltd., the holding company of Tata Group companies, and chaired his first board meeting on Tuesday.
Speaking ahead of the board meeting, Chandrasekaran listed three strategic priorities.
His focus will be on to bring the group closer together to leverage its collective strength; reinforce a leader’s mindset among the operating companies and drive operating performances across the group, bring greater rigour to the company’s capital allocation policies and deliver superior returns to its shareholders, a Tata Sons’ press release said.
It is an honour 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.N Chandrasekaran, Chairman, Tata Sons
Chandrasekaran has also been named chairman of Tata companies, including Tata Power Ltd., Tata Motors Ltd., Tata Steel Ltd. and Tata Consultancy Services Ltd. (TCS), the largest in the group.
Prior to being named the chairman of Tata Sons, he served as the chief executive officer and managing director of TCS from 2009-2017.
Rata Tata, chairman emeritus of Tata Sons, wished Chandrasekaran “success for the future”, the release said.
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.Ratan Tata, Chairman Emeritus, Tata Sons