News: Tata Sons board likely to see new faces

#Updates

Tata Sons board likely to see new faces

Senior officials of the Tata Group, who recently stepped down from executive positions, are likely to soon join the board of the salt-to-software conglomerate's main holding company. This will coincide with the announcement of a successor to Ratan Tata, the group's chairman. According to media reports the vice-chairmen of four flagship companies - B Muthuraman of Tata Steel, Ravi Kant of Tata Motors, S Ramadorai of TCS and Prasad Menon of Tata Chemicals - may soon join the Tata Sons board.

The filling of vacant seats on the board and naming a successor to Ratan Tata are two different things. The appointment of new directors on the Tata Sons board is not part of the remit of the selection panel and is the sole prerogative of the board. The new directors, who stepped down from executive positions about a year ago, will enjoy four-year tenures because of the new age limit of 70.

Source: The Economic Times

Topics: #Updates, C-Suite

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