The Tata Trusts have elected Noel Tata as the new chairman, according to CNBC-TV 18.
Following the demise of Ratan Tata, the patriarch of the Tata conglomerate, earlier this week, the Tata Trusts unanimously elected Noel, 67, as the new chairman.
CNBC-TV18 Managing Editor Shereen Bhan said on X (formerly Twitter) that two meetings took place today, one to pay homage to Ratan and another to decide on the issue of chairmanship.
Sources said that there was not “even an iota of ambiguity” on Noel’s appointment, as per Bhan.
Noel is a half-brother of Ratan, according to NDTV Profit.
Since 2010, Noel has headed the Tata International Ltd, which oversees the Tata Group’s global businesses, according to the outlet.
Additionally, Noel is the chairman of Voltas, Trent, and Tata Investment Corp. He is also the Vice Chairman of Titan and Tata Steel.
As the Chairman of Tata Trusts, Noel will have the overall implied control of the Tata Group. The Tata Trusts hold the majority stake in Tata Sons, the holding company of various Tata Group companies. Until his death on Wednesday, Ratan was the Chairman of Tata Trusts.
Link to article –
