Mumbai: The Tata Group has decided that there should be separate leaders for both Tata Trusts and Tata Sons, the holding companies of the Tata Group.
Ratan Tata is the Chairman of Tata Trusts, which holds 66 per cent stake in Tata Sons. Ratan Tata, who was the Chairman of both Tata Trust and Tata Sons, retired from Tata Sons at the age of 75. Since then, he has been the Chairman of Tata Trusts.
In this regard, as the Chairman of Tata Sons, last week again n. Chandrasekaran was appointed. He will hold the post for 5 years. In this case, the separate leaders are said to be part of the planning for the Tata Group heirs.
Ratan Tata’s half – brother Noel Tata joined the Sir Dorabji Tata Trust last week. It is said that this marks the next generation of the Tata family to enter the Tata Trusts.
Ilker Aizi, former Chairman, Turkish Airlines, has been appointed as the new Chief Executive Officer and Managing Director of Air India. Tata Sons Chairman N. Chandrasekaran was the special guest.
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