Natarajan Chandrasekaran is the new Executive Chairman of Tata Sons

Mumbai: Natarajan Chandrasekaran on Thursday has been named as the new Executive Chairman of Tata Sons, the first non-Parsi to head the $103-billion global empire.

The 53-year-old Chandrasekaran has spent some 30 years in the Tata Group.

"Chandrasekaran has demonstrated exemplary leadership as the Chief Executive Officer and Managing Director of Tata Consultancy Services," said a statement from Tata Sons.

He will take over the holding company's reins on February 21.

"We believe he will now inspire the entire Tata Group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata Group which have stood it in good stead," the statement added.

What Chandrasekaran said?

• At the Tata Group, we are at an inflection point.
• I am aware that this role comes with huge responsibilities.
• It will be my endeavour to help progress the group with the ethos, ethics and values that the Tata Group has been built on.

Chandrasekaran, however, was inducted into the board of Tata Sons in October last year after Cyrus Mistry was unceremoniously removed as chairman.