NEW DELHI: Tata Consultancy Services CEO Nataraja Chandrasekaran was on Thursday named the new chairman of Tata Sons, the holding company of the $103 billion Tata Group.

Chandrasekaran's appointment comes less than three months after Cyrus Mistry was removed as chairman on October 24. Mistry's dismissal led to a bitter spat between him and group patriarch Ratan Tata, who has served as interim chairman since his departure.

A five-member panel was constituted in October to shortlist candidates for the position, and its members included Ratan Tata and three other Tata Sons board members, the report said.

N Chandrasekaran has been the CEO and Managing Director of Tata Consultancy Services since 2009. Since October 2016, he has also served on the board of Tata Sons.

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