Blame game continues between Tata Sons and Cyrus Mistry
Mumbai: Tata Sons on Sunday launched an attack on ousted chairman Cyrus Mistry saying that his retraction from commitments created major concerns on his capability to lead the group.
They also accused Mistry of misleading the selection committee, which was founded in 2011 for selecting a chairman to succeed Ratan Tata, said the media reports.
Mistry, who was elevated as the chairman of the holding company in 2012, was removed unceremoniously on October 24, 2016 due to a rift between him and Tata Sons.
The company also blamed Mistry of breaking his promise of distancing himself from his family enterprise Shapoorji Pallonji & Co. It also claimed that the former chairman's reversal from his commitments forced us to doubt his ability to lead the group.
"Mistry's retraction from commitments created grave concern on his ability to lead Tata Group devoid of personal conflicts and put to risk high standards of self philosophy," stated Tata Sons.
"Mistry made lofty statements about plans for Tata Group, but didn't give into effect management structures and plans he promised," added Tata Sons.