New Tata Steel chairman about to take over as boss of worldwide firm that runs Scunthorpe works
The work of thousands of Scunthorpe steelworkers is to be overseen by a new chairman of Tata who takes over next week.
Cyrus Mistry will head up the board on the retirement of Ratan Tata on Friday, December 28.
Mr Mistry, 43, is the deputy chairman of Tata Sons, having been a director since 2006.
He joined the board of Shapoorji Pallonji & Co as director in 1991 and was appointed managing director of the Shapoorji Pallonji Group in 1994.
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He is a graduate of civil engineering from Imperial College London (1990) and has an MSc in management from London Business School (1997).
Under Mr Mistry’s guidance the Shapoorji Pallonji’s construction business grew from a turnover of $20 million to approximately $1.5 billion.
The companies executed many landmark projects in India — construction of the tallest residential towers, the longest rail bridge, the largest dry dock and the largest affordable housing project.
Mr Mistry was responsible for building the infrastructure development vertical in the Shapoorji Pallonji Group, beginning in 1995 with a 106MW power project in Tamil Nadu, followed by the development of India’s largest biotech park near Hyderabad in partnership with the Andhra Pradesh government.
Mr Mistry is also a director of Tata Industries, Tata Power, Tata Teleservices, Tata Consultancy Services, Tata Steel, Tata Motors and Tata Chemicals.
An avid golfer, he is also a founder member of the Construction Federation of India. He is a trustee of the Breach Candy Hospital Trust, Mumbai, and also on the board of Imperial College India Foundation.
The board has conferred the honorary title of chairman emeritus on Ratan Tata, who will be 75 next week.