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Ratan Tata assures group CEOs of continuity

Tata is also believed to have said that things are on track

Policy Pulse
Publish Date: Oct 25 2016 3:02PM | Updated Date: Oct 25 2016 3:02PM

Ratan Tata assures group CEOs of continuity

Ratan Tata assured all group CEOs of a stable enviroment at the conglomerate and also said that group companies will see continuity in their strategies and assured them that Cryus Mistry's exit is not a cause of concern for the Tata Group.  


Tata assured CEOs that long term interests of group will get priority. Besides, Ratan Tata has assured continuity and has asked the group CEOs to refrain from speculation, sources claimed.


The Tata Group called a CEOs meet on Tuesday, which concluded afternoon in which it is believed representatives from all companies were present.  


The meet was called so that Tata could address concerns that CEOs have raised regarding possible changes.  


The names that are doing the rounds as possible replacements for Cyrus Mistry include Noel Tata and Indira Nooyi – the same names that were in the race back in 2012 before Mistry was appointed. 


All the group companies will also conduct a board meeting and Cyrus Mistry will step down from the boards of all of them soon.


It is also expected that the Tata Group Selection Committee will meet on Tuesday evening.