Mumbai, Sep 17: Tata Sons has reappointed N Chandrasekaran as Executive Chairman for another five-year term, the company said on Thursday.
Chandrasekaran had announced on August 12 that he would not seek reappointment after his current term ends on February 20, 2027. However, the company’s Nomination and Remuneration Committee later asked him to reconsider the decision, citing his contributions and the larger interests of the Tata Group.
At its September 17 meeting, the Tata Sons board said Chandrasekaran agreed to reconsider his decision and subsequently approved his reappointment through a majority vote.
The board also decided to initiate steps to comply with applicable RBI guidelines and seek guidance from the RBI, Tata Trusts and other stakeholders on the required compliance process.
