India's Tata Sons board approves fresh five-year term for Chairman Chandrasekaran, source says
The board of India’s Tata Sons has approved a fresh five-year term for N. Chandrasekaran as executive chairman, a source familiar with the matter said on Thursday, reversing his decision last month not to seek reappointment. The reversal comes days after the Reserve Bank of India rejected Tata Sons’ request to be exempted from rules that would require it to list. The reasons for the change were…
India's Tata Sons board has decided to extend N. Chandrasekaran's tenure as executive chairman for another five years, according to a source familiar with the matter. This decision reverses Chandrasekaran's announcement last month that he would not seek reappointment, following tensions with Tata Trusts, the charitable trust that holds a 66% stake in Tata Sons.
The source declined to provide further details, citing confidentiality. Chandrasekaran, who took up the role of chairman in 2017, had stated previously that he would not seek another term, with his current appointment set to conclude in February 2027. The reasons behind the change in Tata Sons' decision were not immediately clear.
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