Decision on extension of service of Tata Sons Chairman N Chandrasekaran postponed, discussed in the board meeting; Report
New Delhi. Big news from Tata Sons. According to sources, the decision on extension of service of Chairman N Chandrasekaran has been postponed in the Tata Sons board meeting. Last year, the group had approved a third executive term for N Chandrasekaran till 2027. This term will end in February 2027, when he will be 65 years old. Chandrasekaran has been heading the Tata Group's holding company since 2017, after the board removed Cyrus Mistry.
According to a report, in the meeting, Tata Trusts Chairman Noel Tata expressed concern about the losses being incurred in some new ventures of the Tata Group, which led to a deep discussion. Other directors supported Chandrasekaran's retention, saying the losses were related to greenfield projects, which typically take time to deliver returns.
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