News: Tata Sons chief N Chandrasekaran appointed as chairman of Air India

Appointments

Tata Sons chief N Chandrasekaran appointed as chairman of Air India

Tata Sons recently acquired debt-laden, state-run Air India in what was a homecoming for the airline that was founded by the Tatas in 1932 as Tata Airlines before being nationalised in 1953.
Tata Sons chief N Chandrasekaran appointed  as chairman of  Air India

Mumbai-headquartered Tata Sons chairman Natarajan Chandrasekaran has been appointed as the chairman of Air India, media reports said on Monday.

As per the reports, the board had given its nod to Chandrasekaran's appointment as the chairman of the airline last week.

Tata Sons recently acquired debt-laden, state-run Air India for Rs 18,000 crore in what was a homecoming for the airline that was founded by the Tatas in 1932 as Tata Airlines before being nationalised in 1953.

Last month, Chandrasekaran was reappointed as the chairman of Tata Sons for  a second five-year term. Tata Sons is the principal investment holding company and promoter of Tata group firms, which include India’s largest IT firm and the conglomerate’s crown jewel Tata Consultancy Services, and the recently-acquired Air India.

Chandrasekaran, 58, is the first non-family business executive to head Tata Sons, taking over from Cyrus Mistry, who was unceremoniously sacked in October 2016 over issues ranging from corporate governance and lacklustre performance of some group companies, to cultural clash.

Tata Sons is yet to appoint the chief executive officer and managing director of Air India.

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Topics: Appointments, C-Suite

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