Tata Trusts Approves Historic Third Term for N Chandrasekaran

Breaking from its retirement practice, Tata Trusts has granted N Chandrasekaran a third executive term as Chairman of Tata Sons. This approval, made during a meeting of the Trusts on September 11, emphasizes the confidence that the group has in the leadership of Chandrasekaran as the company continues to transform.

N Chandrasekaran, who turned 65 in June, will complete his second five-year term in February 2027. Typically, executives retire at 65, but may choose to remain in non-executive roles until the age of 70, according to the group's established norms.

The request for the extension was put forth by NOEL Tata and Venu Svrinivasan, stating the need for continuity in the overseeing of key projects including semiconductor technologies, battery technologies for electric vehicles, and the success of Air India. The request was unanimously approved by the Trusts.

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Tata Trusts has 66% control over Tata Sons and has influential power to shape the conglomerate's future. The approval to extend Chandrasekaran is a vote of confidence to ensure stability and movement with respect to the group's ambitious plans. The extension also comes amidst internal discussions about a potential public listing of Tata Sons, which highlights the Trusts' proactive stance to governance during a time of transitions.

Following his tenure starting in 2017, Chandrasekaran was a key driver in leading the Tata Group toward greater diversification and expansion. Along with achieving meaningful financial targets, Chandrasekaran has led the group in its expansion into new sectors such as electronics, semiconductors, digital services, and aviation. The extension of Chandrasekaran's term is viewed as a logical move to ensure the group achieves a successful transition to executing these long-term initiatives.