Ratan Tata steps down as Chairman Tata Power

Ratan N Tata has stepped down as Chairman of Tata Power and Cyrus P Mistry, has been appointed as Chairman. “Mr. Tata will however continue on the Board of Tata Power till his retirement in December 2012,” the company said in a statement.
 
Mr. Mistry was inducted on the Board of Tata Power on 23rd December 2011. He also served on the Board of Tata Power earlier for 10 years (from 1996 to 2006). A Director of Tata Sons since 2006, he was appointed Deputy Chairman of Tata Sons in November 2011.

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