Tata appoints Chandrasekaran as Jaguar chairman
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Tata Sons has appointed its new chairman Natarajan Chandrasekaran as chairman of Jaguar Land Rover, as he consolidates his position at the top of the Indian conglomerate.
Mr Chandrasekaran, previously chief executive of the Tata group’s flagship business Tata Consultancy Services, was appointed chairman of the wider group in January.
His predecessor, Cyrus Mistry, was finally removed from Tata Sons’ board last month, despite having been ousted as chairman in October, prompting a feud with the company that has shocked India’s business world.
Jaguar Land Rover has been the most profitable part of Tata’s motor business in recent years, but analysts have warned about its overreliance on the Chinese market, and profits at the company shrank in the last quarter.
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