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Cyrus Mistry feels 'honoured'
Wednesday November 23, 2011 09:36:49 PM,
IANS
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Mumbai: Newly-appointed Tata Sons deputy chairman Cyrus P. Mistry, who
will succeed chairman Ratan Tata on his retirement next year, said
Wednesday that he feels "deeply honoured".
Expressing his gratitude to the selection committee and board of
directors, Mistry said: "I feel deeply honoured by this
appointment. I am aware that an enormous responsibility, with a
great legacy, has been entrusted to me."
He said he "looked forward to (Ratan) Tata's guidance in the year
ahead in meeting the expectations of the Tata Group.
"I take this responsibility very seriously and in keeping with the
values and ethics of the Tata Group," Mistry said.
He also committed himself to legally dissociate himself from the
management of his family businesses to avoid any issue of conflict
of interest with his new assignment.
Mistry, 43, is the younger son of construction tycoon Pallonji
Mistry and belongs to a family which is one of the largest
shareholders in the $71 billion Tata Group.
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