Ratan Tata retires; Cyrus Mistry takes charge - NewsX

The iconic Ratan Tata is retiring from the Tata group today. Ratan Tata will be leaving behind a rich legacy that spans over 50 years. During which he transformed the group from a conventional corporate house into a 100 billion dollar global conglomerate. In a a generational shift, 75-year-old Ratan Tata will hand over the reins to 44-year-old Cyrus Mistry, who was chosen as his successor last year. Tata steered the group for 21 years as its Chairman, when he succeeded the legendary JRD Tata. But while JRD made Tata his surprise choice as chairman in 1971, Tata set up a five-member selection committee to choose Mistry as the next chairman.

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