Soon after Cyrus Mistry’s removal, Tata Sons disbands Group Executive Council set up by him

As soon as Cyrus Mistry was removed as Tata Sons Chairman, the Group Executive Council (GEC), which was set up by him in 2013, was dismissed.

The GEC was set up with an aim to provide strategic and operational support to Mistry. The Council included N S Rajan from Ernst & Young, Tata brand custodian Mukund Rajan, ex-BSE chief Madhu Kannan, strategist Nirmalya Kumar and Tata veteran Harish Bhat.

As per various reports, Rajan and Bhat will be offered new roles within the group and it is still unclear about the remaining members.

Soon after making public the departure of Mistry, Tata Group's website removed all the details related to the GEC, including profile of the members.

"The page you are looking for has been moved or removed," said a message on the web page of GEC on Tata group's official website.

Comments could not be obtained from Tata Sons on the same.

The GEC had replaced the roles earlier which were performed by the group corporate centre (GCC) and the group executive office (GEO) before Mistry took over as Chairman.

Meanwhile in a letter to Prime Minister Narendra Modi, Ratan Tata informed that the Board of Directors of Tata Sons has in its meeting today decided to replace Cyrus P Mistry as Chairman with immediate effect.

"A new management structure is being put in place and a selection committee has been constituted to identify the next chairman," he said in the letter.

Subsequent to the day's development, Tata group's listed firm Tata Motors and Tata Power informed the bourses about Mistry's departure.

"Ratan N Tata shall be the Interim Chairman of Tata Sons Limited until the new Chairman is appointed in accordance with the procedure prescribed in the Companies Act, 2013 and the Articles of Association of Tata Sons Ltd," Tata Motors informed the BSE.

"This being a material development, the necessary disclosure is being made to the stock exchange," Tata Power said while informing the bourses.

Tata group has several listed entities, including Tata Chemicals, Indian Hotels Co Ltd, Tata Coffee, Tata Elxsi, TCS, Tata Global Beverages, Tata Investment Corporation, Tata Sponge Iron, Tata Steel and Tata Teleservices.

The Tata group comprises over a 100 operating companies spread across six continents.

In 2015-16, the revenue of Tata companies, taken together, was USD 103 billion and collectively employed over 6,60,000 people.