All posts tagged: tata sons

How Tata Sons will pick N Chandrasekaran’s successor and who will choose him

How Tata Sons will pick N Chandrasekaran’s successor and who will choose him

The Tata Trusts on Thursday initiated the process of finding N Chandrasekaran’s successor to lead Tata Sons, the holding company of the diversified Tata group, a day after Chandrasekaran announced that he would not seek reappointment for a third term as chairman. N Chandrasekaran, Chairman, Tata Sons speaks during the foundation stone laying ceremony for India’s First AI-enabled Semiconductor Fab manufacturing facilities in Dholera, Gujarat, India, March 13, 2024. (REUTERS) The Sir Dorabji Tata Trust (SDTT), which is among the charitable trusts that together hold nearly two-thirds of Tata Sons, said its trustees had decided to begin the process of setting up a selection committee to recommend the next chairman of the Tata Sons board, according to a PTI report. The Trusts specifically acknowledged Chandrasekaran’s contribution during a period of “significant change, growth and transformation” across the Tata group. Chandrasekaran, who has led Tata Sons since 2017, announced on Wednesday that he would not offer himself for reappointment as chairman for a third term. The decision came amid a lack of unanimity within the Tata …

Tata Trusts begin process to find Chandrasekaran's successor, set up committee

Tata Trusts begin process to find Chandrasekaran's successor, set up committee

The Tata Trusts have initiated the process of finding a successor to Tata Sons Chairman N Chandrasekaran, a day after he announced that he would not offer himself for reappointment when his current term ends on February 20, 2027. In a statement issued on Thursday, the Sir Dorabji Tata Trust said its trustees had passed a resolution to initiate the setting up of a Selection Committee as soon as possible, in accordance with the Articles of Association of Tata Sons. The committee will recommend a candidate for appointment as the new Chairman of the Tata Sons Board of Directors. A press release issued by Tata Trusts states,”On 12th August 2026, our nominee directors received an email from Mr. N Chandrasekaran, Chairman, Tata Sons Private Limited, wherein he conveyed his decision to not offer himself for re-appointment as Chairman upon the expiry of his… pic.twitter.com/f4ocXY6nxQ — Press Trust of India (@PTI_News) August 13, 2026 The move formally begins the succession process for one of India’s largest business groups, although the Trust did not name any potential …

N Chandrasekaran steps down as Tata Sons Chairman; says ‘I’m grateful for the opportunity that I was provided’

N Chandrasekaran steps down as Tata Sons Chairman; says ‘I’m grateful for the opportunity that I was provided’

Tata Sons Chairman N Chandrasekaran on August has announced that he will be stepping down as the Tata Sons’ Chairman. Tata Sons is one the holding company of the Tata Group. His resignation comes days ahead of the conglomerate’s August 18 annual general meeting (AGM). However, Chandrasekaran will continue to serve as chairman until the completion of his current term in February 2027, the source said. The development comes amid uncertainty over his reappointment and reported differences between Tata Sons and Tata Trusts. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Former Ethiopian Airlines chief Tewolde Gebremariam appointed as new Air India CEO and MD

Former Ethiopian Airlines chief Tewolde Gebremariam appointed as new Air India CEO and MD

Air India has appointed Tewolde Gebremariam, one of the world’s most recognised and successful aviation chief executives, as its new Chief Executive Officer (CEO) and Managing Director, succeeding Campbell Wilson, The appointment was announced by the airline’s Board of Directors, which said Gebremariam was selected after a detailed global search process involving internal and external candidates. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

The biggest lesson for Tata today: The institution is bigger than individuals

The biggest lesson for Tata today: The institution is bigger than individuals

Many are sad that Tata is facing internal conflict. As retired directors, who together served Tata for many decades, we feel enormous pain and also that the dispute is existential. Differences are common, but leaders can rely on proven methods to resolve disputes. The Mahabharata and Ramayana, among others, suggest the method: One, apply rajdharma; two, seek compromise before conflict; three, protect both the institution and the weak; and four, use wise advisors. Tata’s enterprise and philanthropy institutions must align to avoid losing the plot. Together, they are collaborators; individually, they become competitors. American investor Ray Dalio’s formula for nations applies equally to companies: Educate your people, earn more than you spend, and avoid internal and external fights. The late Ratan Tata transformed a tradition-bound Tata into a growth-oriented, entrepreneurial organisation. Based on what they read, however, the modern commentariat makes its own sombre prognostications. Globally, the corporate world is seeing early signs of shared power rather than a single all-powerful CEO (See Pilita Clark, ‘Why co-CEOs might suit our tumultuous times,’ Financial Times, May …

Ratan Tata had doubts about Cyrus Mistry’s leadership, reveals new book | Latest News India

Ratan Tata had doubts about Cyrus Mistry’s leadership, reveals new book | Latest News India

Ratan Tata began to question Cyrus Mistry’s suitability as chairman-designate of Tata Sons by the end of Mistry’s first year as his apprentice, according to a recently published biography, ‘Ratan Tata: A Life’ by Thomas Mathew. The book reveals that Tata felt he suffered more from the decision to dismiss Mistry as Chairman in October 2016 than Mistry himself did. Ratan Tata (R) began having second thoughts about Cyrus Mistry even before the latter formally taking over the position.(Kalpak Pathak/HT File Photo) The book claims that Ratan Tata began having second thoughts about Mistry even before the latter formally taking over the position fully. Mistry was appointed in 2011 following a global search by a selection committee, with Tata’s full endorsement, despite some concerns from seasoned members of the group. For a year, Mistry held the title of “Chairman designate” before officially assuming the role after Tata’s retirement in December 2012. When approving Mistry’s selection, Tata made two key stipulations. He insisted that Cyrus Mistry, then managing director of Shapoorji Pallonji Group, sever all ties …

‘France lost a dear friend from India’: French President Macron condoles Ratan Tata’s death | India News

‘France lost a dear friend from India’: French President Macron condoles Ratan Tata’s death | India News

As the last rites of Tata Sons’ Chairman Emeritus Ratan Tata was conducted with full state honours at a Mumbai crematorium, French President Emmanuel Macron condoled the demise of business mogul and said that “France lost a dear friend from India”. Ratan Tata, who was 86 years old, passed away after a prolonged illness on late Wednesday night at Mumbai’s Breach Candy hospital. He was admitted to the hospital a couple of days ago to undergo medical examinations which was said to be a regular age-related check-up. French President Emmanuel Macron condoled the demise of business mogul and said that “France lost a dear friend from India”. (Photo: X/@FranceinIndia) The outpouring of grief to the news of the sad demise of Ratan Tata had started and now, French President Emmanuel Macron has posted his condolence message on social media. “France has lost a dear friend from India. Ratan Tata’s visionary helmsmanship contributed to boosting industries in India and France, in the fields of innovation and manufacturing. Beyond this, his legacy will be marked by his …

Ratan Tata: From a dog lover to one with a focus on kids’ nutrition to a grounded billionaire | Mumbai News

Ratan Tata: From a dog lover to one with a focus on kids’ nutrition to a grounded billionaire | Mumbai News

Goa — a stray dog who became Ratan Tata’s self-admittedly favourite office companion — was among the hundreds and thousands of visitors who paid their last respects to the late industrialist and philanthropist at NCPA, Nariman Point. Tata’s profound love and empathy for dogs is well-documented. He not only advocated for animal welfare but also instructed the staff at Bombay House, the head office of Tata Group, to allow strays to roam freely, making it the only conglomerate’s headquarters to do so. His struggle to find advanced care for one of his injured dogs led to the birth of Small Animal Hospital Mumbai (SAHM) earlier this year. He also utilised Tata Trust platform to focus on the nutrition needs of newly born and the unborn children as he felt “if we can take care of our children, we will take care of future generations”, according to a former senior official at Tata Trust. “He refurbished and strengthened the Anganwadi so that they could cater to to-be-mothers and lactating mothers because he felt the good nutrition …

How Ratan Tata touched our lives  | Pune News

How Ratan Tata touched our lives  | Pune News

The heavens must be rejoicing, opening their arms to this great soul — Ratan Tata, while we mourn the loss of a human who touched millions of lives with his kindness. I’d heard several stories of the ‘Tata Spirit’, of how they helped the sick, the poor, the unfortunate. Of their humility and humaneness. But I experienced it in 2022 when our lives had changed forever. On December 18, 2014, my 22-year-old son met with a motorbike accident. He was a bright kid who wanted to do his Masters in Economics and later Finance Management. Life was chugging along the path I had expected till his friend, who was learning to ride a motorbike, asked him to sit pillion. He told her to ride the bike in the building compound but after a round, she zipped out and at a high speed rammed the bike into the road divider. Siddhaant was flung from the seat to the other side of the road. After coma, four months of hospital, my son returned home but with disabilities …

Piyush Goyal breaks down remembering Ratan Tata, says ‘140 crore Indians love him’

Piyush Goyal breaks down remembering Ratan Tata, says ‘140 crore Indians love him’

Image Source : X/ @PIYUSHGOYAL Union Minister Piyush Goyal with Ratan Tata As the nation mourns the demise of the noted industrialist and chairman emeritus of Tata Sons, Ratan Tata, Union Minister of Commerce and Industry, Piyush Goyal, on Thursday (October 10), too became emotional remembering him. Speaking to the media about the passing of the iconic industrialist and ‘spirited philanthropist,’ Goyal shared a heartwarming moment from one of their past meetings. Goyal recalled how they once invited Ratan Tata over for breakfast. He recounted the smallest gesture by Tata that left a lasting impression. “We had only served a simple meal of Idli, Sambhar, and Dosa… but he was so appreciative.” “I mean, he must have the world’s best cooks. But he was so appreciative of that simple breakfast. He was so kind to all of us in the family. He was so kind to the server who was serving the breakfast,” Goyal added. Significantly, Goyal shared another thoughtful gesture made by Ratan Tata, which won over everyone’s hearts. “At the end of a …