Tuesday, November 1, 2016

The future success is the priority of Tata group

Tata Sons Interim Chairman Ratan Tata said the removal of Cyrus Mistry as Tata Sons Chairman was a "serious" and "well considered" move by its board of directors and absolutely necessary for the future success of the Tata group.

In a letter to employees on Tuesday, Tata said the "difficult decision" was made after careful and thoughtful deliberations by the board. "Your company and the Tata group are well-served.

The directors on your boards and the empowered leadership of your companies continue to serve with the same degree of passion and ethical commitment as they have done in the past. As a group, we are steadfast in our resolve to maintain the Tata culture and value system that all of us have worked so hard to nurture over the decades," wrote Tata.

Tata wrote, "As I said in my meeting with the CEOs last week, the companies need to focus on their profit margins and their market positions vis-a-vis competition and not compare themselves to their past." He added, "The focus has to be on leading rather than following."

"While I am looking forward to work with you as Interim Chairman to maintain stability and continuity of leadership, I am looking forward with equal excitement to the finalisation by the selection committee of a world-class leader to be the new chairman of the group," Tata said.

Ofcourse Tata group have the right to take decision on its own to future success of the Tata group, we don't think anything wrong in this and nobody should.

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