Economic TimesLean R·
Revealed! Why Chandrasekaran is stepping down
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 rec…
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