The board of Tata Sons decided on February 11 to extend the tenure of Chairman N Chandrasekharan for a period of 5 years.
“Mr. Ratan. N. Tata who was a special invitee to this meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of Mr. N Chandrasekaran. He recommended his term be renewed for a further five-year period. The Board members commended the performance of the Executive Chairman and unanimously approved the reappointment of Mr. N Chandrasekaran as the Executive Chairman for the next five years,” the company said in an official statement.
Chandrasekaran’s present term as the chairman was scheduled to come to end this month.