Nataraja Chandrasekaran was named the new Chairman of Tata Sons on Thursday, ending three months’ speculation over who would fill in the shoes of Cyrus Mistry, who was unceremoniously removed as the chairman of the prestigious corporate group in October.

The five-member selection panel, which had been brought in place last October to shortlist the candidates for the top job for the $103 billion conglomerate, the largest in India, named the new chairman after an  unscheduled board meeting, for which no agenda had been announced.  The business conglomerate had earlier set a four-month deadline till February 24 to choose a successor to Mistry. Ratan Tata, who had come in as interim chairman, has himself gone back to his original Chairman Emeritus role.