Tata Global Beverages removes Cyrus Mistry as Chairman
Mumbai, Nov 15 (IANS) The Board of Directors of Tata Global Beverages on Tuesday removed Cyrus P. Mistry as the company’s Chairman and appointed non executive Director Harish Bhat to the post.
Seven out of ten directors voted for the ouster of Mistry.
“After extensive deliberations and keeping in view the long term interest and alignment of all stakeholders and stability of the company, the Board of Directors resolved to replace Cyrus Mistry as Chairman of the Company, by majority vote, with 7 out of the 10 Directors present at the Board meeting, voting in favour of the resolution,” the company said in regulatory filing to BSE.
The board of directors also appointed Bhat as the Chairman. it added.