Ratan Tata to form new group management structure

As per the report in economic times, Ratan Tata, interim chairman of India’s Tata Sons conglomerate, will outline a revamped top management structure for the $100 billion group within days, a person close to the company told Reuters on Tuesday.

The new structure is being put in place after Tata Sons last week removed Cyrus Mistry as chairman, and disbanded his advisory Group Executive Council, triggering a very public spat between Tata and Mistry.

In a letter to employees on the day Mistry was ousted, Tata said “a new management structure is being put in place,” with a selection committee formed to find a new chairman.

“The new management structure that (Ratan) Tata promised will soon be put in place, and it will speak a lot about the future of the group,” the source said, asking not to be named as the matter is private.

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