Big names floating to replace Cyrus Mistry include Indra Nooyi, N Chandrasekaran, Noel Tata
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Big names are already doing the rounds to fill in for Cyrus Mistry, the outgoing chairman of the Tata Group.
Amit Chandra, who heads Bain Capital in India, and also a member of the search committee formed by
However, a senior executive believed to be close to Tata Group and specifically Ratan Tata told ET that there are two people who could potentially be considered to head the group. "I think Noel Tata and Indra Nooyi are two people I would put my money on. Noel because he is part of the family, and Nooyi because Mr Tata himself is very impressed by her,” he said. The executive hinted that this time around Tata Group may try and put someone from the Tata family at the helm of the matters. "Noel is considered too soft and that’s the problem some senior executives in Tata Group have with him. As for Sarin, I think Tata Group has lost the plot for telecom, I don’t see a person with that (telecom) expertise heading the group,” added the person close to the selection committee.
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Industry experts say that the group will now be looking at is someone who understands the old economy sectors well and will add value to the group’s existing businesses that are suffering. "A banker is unlikely to be appointed as the focus is now on expanding the Tata brand and business and not consolidation as under Cyrus Mistry,” the head hunter said. Meanwhile there are also speculations in the industry circles as to why Mistry was replaced as Tata Group Chairman. "Cyrus has not done much in three years and he has no eye for talent. The people he has hired are not inspirational leaders but just individuals,” said a senior official in one of the Tata Group companies. However, he said that the way the drama has panned out may just create some ripples in the company. "Buying four months’ time and getting Ratan Tata from hibernation is a counter¬intuitive game,” he added.
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