Tag Archives: New Interim Chairman of TCS-Ishaat Hussain

Cyrus Mistry replaced by Ishaat Hussain as TCS chairman: Tata Sons

Business & Economy, Leaders,

 NEW DELHI / Mumbai, MAHARASHTRA  :

ishaathussain02mpos10nov2016

In a statement, the software giant said a letter from Tata Sons named Hussain as the new chair while the company looks for another replacement.

The Tata Sons today named Ishaat Hussain as the chairman of the Tata Consultancy Services (TCS) in place of Cyrus Mistry with immediate effect.

In a statement, the software giant said a letter from Tata Sons named Hussain as the new chair while the company looks for another replacement.

“The company (TCS) has received a letter dated November 9, 2016 from Tata Sons Ltd nominating Ishaat Hussain as the Chairman of the Board of Directors of the company in place of Cyrus P Mistry with immediate effect. In view of this, Mistry has ceased to be the Chairman of the Board of Directors of the Company and Hussain is the new Chairman of the company,” TCS said in a regulatory filing.

TCS said Hussain shall hold office as the Chairman of the company until a new Chairman is appointed in his place.

“Tata Sons has issued a special notice under Section 169 read with Section 115 of the Companies Act, 2013 and a requisition for convening an extraordinary general meeting of shareholders of the company under Section 100(2) of the Companies Act, 2013 to consider a resolution for the removal of Cyrus P Mistry as Director of the Company,” it added.

Last month, in a sensational coup, Mistry was sacked as Tata Sons chairman and replaced by Ratan N Tata as the interim chairman.

source: http://www.indiatoday.intoday.in / Indiatoday.in / Home> News> India / by Nivedita Dash / New Delhi – November 10th, 2016

10 Facts About New Interim Chairman of TCS Ishaat Hussain

Business & Economy, NRI's / PIO's,

NEW DELHI / Mumbai, MAHARASHTRA  :

 

File image of Ishaat Hussain. (Photo Credit: Getty Images)
File image of Ishaat Hussain. (Photo Credit: Getty Images)

Tata Sons on Thursday appointed Ishaat Hussain as Chairman of Board Of Directors after Cyrus Mistry was ousted as the holding company’s Chairman.

Here are the 10 facts about Ishaat Hussain

* Born on September 2, 1947, Ishaat Hussain completed his schooling from The Doon School in 1963 and joined St. Stephens College Delhi to pursue graduation in Economics.

* Hussain, a chartered accountant from England and Wales, also attended the Advanced Management Program at the Harvard Business School.

* He is associated with the Tata Group since 1983 after Indian Tube was merged with Tata Steel.

* In November 2006, Hussain was appointed a Public Interest Director of Bombay Stock Exchange Limited.

* In January 2008, he was appointed a Trustee on the board of India Foundation for the Arts (IFA).

* Hussain joined the Board of Tata Sons as an Executive Director on July 1, 1999.

* He took over as Finance Director of Tata Sons Ltd. in 2000

* Prior to joining Tata Sons, Hussain has worked as the senior vice-president and executive director – finance in Tata Steel for almost 10 years.

* Besides being on the board of Tata Sons Limited, Hussain is Chairman of Voltas Limited and Tata Sky Limited.

* He is also on the boards of several Tata Companies such as Tata Steel, Tata Industries, Tata Teleservices, Titan Industries Limited.

source: http://www.news18.com / News18.com / Home> News18> Business / November 10th, 2016