Dark young horse Mistry named Ratan Tatas successor

Mistry was appointed deputy chairman by the board of directors of Tata Sons at its meeting on Wednesday. He will work with Ratan Tata over the next year and take over from him when Tata retires in December 2012. This is as per the unanimous recommendation of the selection committee, Tata Sons said.

Chairman Ratan Tata said,The appointment of Cyrus Mistry as deputy chairman of Tata Sons is a good and far-sighted choice8230; I have been impressed with the quality and calibre of his participation,his astute observations and his humility.

Cyrus,a civil engineering graduate from Imperial College,London,has a Master of Science in management from London Business School.