Tata Sons Chandrasekaran resignation

N Chandrasekaran resigns from Tata Sons

N Chandrasekaran will step down as chairman of Tata Sons once his term ends in February next year and will not seek reappointment, bringing an abrupt end to a nearly decade-long tenure in which he transformed India’s biggest business group into a conglomerate spanning airlines, semiconductors, electronics, batteries and digital businesses.Chandrasekaran, 63, told the Tata Sons board of his decision, people familiar with the matter said. He will stay until his term as chairman officially runs until February 2027.The Economic Times had first reported Chandrasekaran may exit Tata Sons before AGM.

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Chandrasekaran's resignation marks an unexpected end to a tenure of nearly 10 years during which he reshaped India's largest business group, expanding its presence across sectors including airlines, semiconductors, electronics, batteries and digital businesses.

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N Chandrasekaran has revealed that his decision not to seek another term as Tata Sons chairman came after one Board member did not support the proposal to extend his tenure, leaving the resolution without unanimous backing.The Economic Times was the first to break the development this morning.In a statement issued on Wednesday, Chandrasekaran said the Sir Dorabji Tata Trust and Sir Ratan Tata Trust had “unanimously resolved and recommended” the extension of his next term for five years. The recommendation was subsequently recorded and recommended by the Tata Sons Nomination and Remuneration Co

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The 63-year-old Chandrasekaran, who has been associated with the Tata Group for four decades, informed the Tata Sons board on Wednesday that he would not seek another term after his tenure expires on February 20, 2027.

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