Even Tata CEOs Said to Be Kept in Dark Over Chairman Ouster
- Ratan Tata returns as interim chairman to fill in for Mistry
- Mistry had been pushing group to be more fiscally prudent
Tata Turmoil: Chairman Cyrus Mistry Ousted
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A day after Tata Group abruptly ousted its chairman, heads of the businesses under India’s largest conglomerate are still in the dark about what prompted the dismissal.
Ratan Tata, who took over as interim chairman after Tata Sons Ltd. ousted Cyrus Mistry, met with chief executives of most businesses, according to a statement from Tata Sons. Tata didn’t disclose the reason for the sudden removal of Mistry at the 25-minute meeting, even though he said the group will honor all commitments made by the ousted leader, according to a person with direct knowledge of the matter, who asked not to be identified as the discussions were private.