Ralf Speth, CEO of Jaguar Land Rover and N Chandrasekaran, CEO & Managing Director of Tata Consultancy Services, have been appointed as Additional Directors on the Tata Sons Board.
Commenting on their appointment, Ratan N. Tata, Interim Chairman of Tata Sons, said, "This is in recognition of their exemplary leadership in their companies."With the appointments of Speth and Chandrashekharan, Tata Sons board has expanded to 12 members.
"Through these appointments the old tradition of Tata Sons of having CEOs of group firms on its board has been restored," PTI said.
Krishna Kumar of Indian Hotels Co Ltd and JJ Irani of Tata Steel were notable members of Tata Sons board when Ratan Tata was at the helm of the group before he retired in 2012.
The present board of Tata Sons includes Tata himself, along with Cyrus Mistry, Venu Srinivasan, Ronen Sen, Nitin Nohria, Farida Khambhata and Ajay Piramal, among others.
Earlier in the day, Ratan Tata told the senior executives of the Tata Group that an "institution must exceed the people who lead it".
"The companies must focus on their market position vis-a-vis competition, and not compare themselves to their own past. The drive must be on leadership rather than to follow," he said, addressing Managing Directors and senior leaders of Tata companies.
Ratan Tata added that he looks forward to resuming his role as the interim Chairman.
"I look forward to working with you as we have worked together in the past. An institution must exceed the people who lead it. I am proud of all of you, and let us continue to build the group together," he added.