The Board of Tata Sons reviewed the last five years of Chandrasekaran’s tenure and considered the reappointment.
Tata Sons Private Ltd, the holding company of Tata Group has renewed the term of N Chandrasekaran as executive chairman for next 5 years.
On Friday the Board of Tata Sons reviewed the last five years of Mr Chandrasekaran’s tenure and considered the reappointment.
“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 statement added.
“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,” it added.
Mr. Chandrasekaran said, “It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase.”
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