In separate filings to the BSE, the two firms said the respective meetings of the Board of Directors held today have appointed Cyrus P Mistry as the Chairman of the their Boards with effect from December 28, 2012, on the retirement of Ratan N Tata.
The boards have conferred on Ratan N Tata the honorary title of Chairman Emeritus, they added.
Be your own man: Ratan Tata's advice to Cyrus Mistry
Mistry has been a director of Tata Sons since 2006 and was appointed Deputy Chairman last November.
Last month, Tata had stepped down as Chairman of Tata Global Beverages, making way for successor Mistry, who was also inducted into the board of Indian Hotels Company.
Mistry was earlier appointed as the Deputy Chairman of Tata Steel and Tata Chemicals. Tata Consultancy Services had also inducted him as Deputy Chairman.
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