Noel joins board of Tata Sons; first Tata family member since 2011 to serve on both boards at once
06-Nov-2024
Noel Tata was on Friday appointed to the board of Tata Sons, the holding company of the Tata Group, as a nominee of Tata Trusts, of which he was appointed chairman last month following the death of Ratan Tata. An online resolution to this effect was passed at a virtual Tata Sons meeting held on Diwali eve, said people with knowledge of the matter. Notably, Noel Tata remains on the boards of other Tata Group companies. He will be the first member of the Tata family since 2011 to serve on the boards of both the Tata Trusts and Tata Sons simultaneously. Tata Trusts holds a 66% stake in Tata Sons, making it the largest shareholder.
With Noel Tata's inclusion, there are now three Tata Trusts nominee directors on the Tata Sons board, alongside TVS chairman emeritus Venu Srinivasan and former defence ministry bureaucrat Vijay Singh. Noel Tata, Singh, Srinivasan and Mehli Mistry currently form the executive committee governing Tata Trusts.
News Source:- https://economictimes.indiatimes.com/news/company/corporate-trends/noel-joins-board-of-tata-sons-first-tata-family-member-since-2011-to-serve-on-both-boards-at-once/articleshow/114956620.cms
|