Tata Steel removes Cyrus Mistry as Chairman
O P Bhatt has ben appointed as the Chairman of the Board.
"In view of the current situation i.e the Special Notice & Requisition received from Tata Sons Limited, the Board of Directors has decided to replace Mr. Cyrus P Mistry as the chairman of the board with immediate effect and have elected Mr. O P Bhatt, an independent director as the Chairman of the Board," read a statement issued by the company.
Tata Sons board had sacked him on Oct 24.
He was replaced with Ratan Tata.
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