TCS CEO N Chandra and JLR CEO Ralf Speth promoted to Tata Sons Board of Directors BUSIFLUENCE, News Ralf Speth, CEO of Jaguar Land Rover, and N Chandrasekaran, CEO & Managing Director of Tata Consultancy Services (TCS), were on Tuesday appointed as Additional Directors on the Tata Sons Board. Commenting on the fresh appointments, Ratan Tata, Interim Chairman of Tata Sons, said, “This is in recognition of their exemplary leadership in their companies.” The appointments came a day after Cyrus Mistry was removed as the chairman of Tata Sons. Mistry was was replaced by Ratan Tata as the interim chairman for four months. Earlier in the day, Ratan Tata asked CEOs of group firms to focus on their business and enhancing returns to shareholders without being distracted by change in top leadership. The Tata family patriarch met chief executives of group companies to talk about ongoing initiatives. While Chandrasekaran is the Chief Executive Officer (CEO) of Tata Consultancy Services (TCS), Ralf Speth leads Jaguar Land Rover (JLR) as CEO. Meanwhile, TCS board has approved Chandrasekaran’s elevation to Tata Sons board. Chandrasekaran will be non-executive member of Tata Sons board, it said. “I am humbled by this honour and look forward to contributing to the board,” Chandrasekaran told CNBC-TV18. For Tata Group, JLR and TCS have been cash generating businesses. Chandrasekaran rose up the ranks to helm TCS, Speth was brought in as JLR CEO in February 2010. JLR was acquired by Tata Motors in 2008. Market expert Prakash Diwan lauded the swiftness with which Tata Sons made the board appointments to negate any setback from the abrupt ouster of Mistry. The high-level appointments underline the professional virtues of the company, he added. Diwan expects the Street to see the development as a positive measure which establishes the sanctity of Tata Sons’ Board. He added that the markets will view the move as a conclusive damage control exercise and the appointments set a firm footing for the potential selection of a professional CEO as Chairman of Tata Sons. The group had on Monday announced that Ratan Tata will remain Interim Chairman of Tata Sons for four months till a new Chairman is selected. TCS’ IT industry peer Tech Mahindra’s Managing Director and Chief Executive CP Gurnani said Chandrasekaran’s elevation will only add to Tata Group’s digital push. Gurnani, who worked with Chandrasekaran at NASSCOM and World Economic Forum, said he is clearly a sound professional who understands that every industry will get disrupted. Chandrasekaran’s inputs will add tremendous value to Tata Sons’ board for its digital strategies, he added.