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Take a decision on succession soon for proper transition: N Chandrasekaran to Tata Sons Board
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The Indian Express
Tata Sons Chairman N Chandrasekaran has asked the company’s Board of Directors to take a decision on his succession soon, saying this would ensure a smooth and proper transition given that his current term ends on February 20, 2027.
The move comes six months after the Board deferred a proposal to extend his tenure by five years, with the resolution failing to secure unanimous support.
“I have asked the Board to decide on the succession soon to ensure a proper transition,” he said in a statement.
“My current tenure as the Chairman of Tata Sons comes to an end on Feb 20, 2027.
Sir Dorabji Tata Trust and Sir Ratan Tata Trust had unanimously resolved and recommended the extension of my next term for a period of five years, which was recorded and recommended by the Tata Sons Nomination and Remuneration Committee and the Board,” he said.