Jaguar Land Rover owners Tata have unveiled a new man at the top to replace legendary chairman Ratan Tata.
The board of directors of Tata Sons announced the appointment of Cyrus P Mistry as Deputy Chairman.
Mr Mistry is currently managing director of Shapoorji Pallonji Group, and has been a director of Tata Sons since August 2006.
He is a graduate of civil engineering from Imperial College, London, and has a master of science in management from the London Business School.
He will work with Ratan Tata over the next year and take over from him when the chairman retires in December 2012.
The appointment follows an 18-month long international search for a successor by a five-strong committee.
Mr Mistry’s appointment was welcomed by Midland automotive expert Lord Kumar Bhattacharyya, adviser to Jaguar Land Rover, who said:
“For Tata’s UK interests such as JLR and Corus, this means that they will be in safe hands.
“His strategy will not deviate from the way that Mr Tata has been operating in the UK. He has a very stable mind and is very strong on ethics and governance and, most importantly, he has a track record of running successful businesses.”
Cyrus P 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.”