Chandrasekaran will retain Tata Sons premiere position : SBI Chief Arundhati Bhattacharya

State Bank of India Chairman Arundhati Bhattacharya on Thursday welcomed the appointment of N Chandrasekaran as Chairman of Tata Sons and said that he would take the company to premiere position in the country.

"We heartily welcome the appointment of Chandrasekaran as the chairman of Tata Sons. We are sure that this will enable Tata Group to continue in its endeavour in retaining their premiere position in the country," she said.

Earlier in the day, Tata Sons named Natarajan Chandrasekaran as its new chairman.

Chandrasekaran was the Chief Executive Officer (CEO) and managing director of Tata Consultancy Services.

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

Chandrasekaran was the Chief Executive Officer and Managing Director of Tata Consultancy Services since 2009. He had joined the company in 1987. He was appointed as a Director on the board of Tata Sons on October 25, 2016.

Ratan Tata has been serving as interim Chairman since the Tata Group removed Cyrus Mistry on October 24.

In October last year, Tata Sons' board had set up a five-member selection committee that included Ratan Tata, to choose a new chairman.