N Chandrasekaran’s term as Tata Sons chairman renewed for next 5years
He was Chief operating officer (COO) and executive director of Tata Consultancy Services (TCS), where in 2009, he became Chief executive officer (CEO).
Mumbai: Tata Sons board on Friday renewed N Chandrasekaran’s term as Executive Chairman for the next five years.
The Tata group companies, across 10 business verticals, have aggregate annual revenues over US $110 billion.
"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 Chandrasekaran. He recommended his term be renewed for a further five-year period," said company's statement.
The Board commended the performance of the Executive Chairman and "unanimously approved the reappointment of Chandrasekaran as the Executive Chairman for the next five years."
N Chandrasekaran, Chairman of Tata Sons, which in October 2021 beat a consortium led by rival SpiceJet promoter to win the bid for the national carrier, first called on Prime Minister Narendra Modi before heading to the Air India office where the takeover formalities were completed.
The Tata Group, which placed the highest bid of Rs 18,000 crore in the Air India disinvestment.
Chandrasekaran was Chief operating officer (COO) and executive director of Tata Consultancy Services (TCS), where in 2009, he became Chief executive officer (CEO).
He joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017. He also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, and Tata Consultancy Services (TCS) – of which he was Chief Executive from 2009-17.