Tata Trusts Accept N Chandrasekaran’s Decision Not To Seek A Third Term, Initiates Succession Plan

Tata Trust Responds To N Chandra; Initiates Process Of Finding A Successor

– Tata Trusts accepts N Chandrasekaran’s decision not to seek a third term post February 2027
– Trustees pass a resolution to initiate a selection committee for finding a successor
– Search process to be conducted in accordance with the Articles of Association

Shereen Bhan with the details.

Shailesh Haribhakti to CNBC-TV18
– Setting up an objective selection process removes uncertainty and prevents speculation
– An early handover before February 2027 remains unlikely despite the ongoing search
– The selection committee will look for an accomplished, visionary leader from internal and external talent pools

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