Persons in News 2017

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Cyrus Mistry removed as Chairman of Tata Group

The board of India’s largest conglomerate Tata Sons Ltd has removed Cyrus Pallonji Mistry (48) as Chairman. However he will remain a director of the individual companies.

The board has replaced him with his predecessor Ratan Tata as interim chairman for four months. Mistry had shortest tenure as Chairman so far at the group.

Mistry had replaced Ratan Tata as chairman in December 2012. He was only the sixth group Chairman in nearly 15 decades and the first from outside the Tata family to be appointed to top most post of Tata group.

Besides, the board also named a five-member search committee to choose a successor within four months. It has given time of four months to choose a successor.

About Cyrus Pallonji Mistry

  • Cyrus Pallonji Mistry is son of the billionaire Pallonji Shapoorji Mistry.
  • Prior to his appointment as chairman he was deputy chairman of Tata Sons. He had remained the director of Tata Sons since 2006.
  • Billionaire Pallonji Mistry, along with his sons, Shapoor Mistry and Cyrus Mistry are owners of 18.5% stake in Tata group. They are largest shareholders on individual basis of group.
  • He also had served as chairman of Tata Motors, Tata Chemicals, Tata Steel and Tata Global Beverages.

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Sir David Cox honoured with first International Prize in Statistics

Noted British statistician Sir David Cox (92) was awarded inaugural recipient of the International Prize in Statistics.

The International Prize in Statistics Foundation has bestowed this award on Sir David Cox in recognition of Survival Analysis Model (or Cox Model) Applied in Medicine, Science, and Engineering.

About Sir David Cox

  • Sir David Cox is renowned statistician born on 15 July 1924 in Birmingham, England.
  • He is known for developing the proportional hazards model i.e. Cox Model in 1992. His model is widely used in analysis of survival data which enables researchers to more easily identify risks of specific factors for mortality or other survival outcomes among groups of patients with disparate characteristics.
  • He is a foreign associate of the US National Academy of Sciences and fellow of the Royal Society, an honorary fellow of the British Academy.
  • He has served as President of Bernoulli Society, Royal Statistical Society and International Statistical Institute.
  • Awards and Honours: Copley Medal (2010), he was knighted in 1985.

About International Prize in Statistics

  • The prestigious award given by the International Prize in Statistics Foundation. It recognizes a major achievement of an individual or team in the field of statistics.
  • The Prize aims at promoting understanding of the growing importance and diverse ways statistics, probability and data analysis. It carries monetary award of US 75000 dollars.

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Saina Nehwal appointed member of IOC’s Athletes’ Commission

Ace Indian shuttler Saina Nehwal has been appointed as a member of the International Olympic Committee’s (IOC) Athletes’ Commission. It is rare honour for an Indian sportsperson.

In this regard, Saina has received a letter to the effect from the IOC President Thomas Bach mentioning that she has been appointed in consultation with Chair of Athletes’ Commission.

The Athletes’ Commission of IOC is chaired by Angela Ruggiero. It comprises nine vice presidents and 10 other members.

About Saina Nehwal

  • She is the first Indian to win Olympics medal in Badminton and had achieved this feat by winning the Bronze medal at the London Olympics 2012.
  • She is the first Indian to win the World Junior Badminton Championships and was also the first Indian to win a Super Series tournament, by winning Indonesia Open in 2009.
  • Awards: Government of India has awarded her with Arjuna Award (2009), Rajiv Gandhi Khel Ratna (2009–2010), Padma Shri (2010) and Padma Bhushan (2016).

What is International Olympic Committee’s (IOC) Athletes’ Commission?

  • The IOC Athletes’ Commission is a body of sportspersons maintained by the IOC for the purpose of representing athletes.
  • It was established in 1981 and its creation was codified by the IOC in Rule 21 of the Olympic Charter.
  • The athletes commission works as a consultative body and act as link between active athletes and the IOC.
  • It makes recommendations to the IOC’s executive bodies. Its chair serves as a member of the IOC Executive Board.
  • It meets once or twice a year, and also organises an Athletes’ Forum once every two years.

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