Tata Sons on Monday announced that its Board has replaced Cyrus P Mistry as Chairman of Tata Sons at a meeting held in Mumbai. The board has named Ratan Tata as interim chairman of the over $100 billion salt-to-software conglomerate.
Here is a list of corporate leaders who made a comeback to revive company fortunes:Ratan Tata, Interim chairman of Tata Sons
In December 2012, Ratan Tata retired at the age of 75, but made a comeback on Monday, taking over as the company's interim boss for 4 months replacing Cyrus P Mistry.
Also Read: Tata Sons Replaces Cyrus Mistry as Chairman, Ratan Tata is Interim BossNR Narayana Murthy, Co-founder of Infosys
NR Narayana Murthy retired from Infosys in 2011 and veteran banker KV Kamath succeeded Murthy as chairman.
On June 1, 2013, Murthy returned as executive chairman and additional director.Michael Dell, Founder, Chairman and CEO of Dell
On March 4, 2004, Dell stepped down as CEO but on January 31, 2007, returned as CEO at the request of the board.Steve Jobs Co-founder of Apple Inc.
Resigned as chairman of Apple Computer on Sept. 16, 1985, after losing a boardroom battle for control of the company with then-CEO John Sculley.
On July 9, 1997, Gil Amelio was ousted as CEO of Apple by the board of directors. Jobs stepped in as the interim CEO to begin a critical restructuring of the company's product line.Howard Schultz, CEO Starbucks
Schultz left Starbucks in 2000 due to exhaustion as Starbucks grew from a regional coffee chain to a global chain.
He returned in August 2008 as he felt the coffee chain was drifting from its core values, and he was concerned about its slumping performance.
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