Race to succeed India's Ratan Tata narrows
The race to succeed Ratan Tata as head of India's giant steel-to-telecom Tata conglomerate has boiled down to around three candidates out of 11 shortlisted by a search panel, a report said Monday.
Ratan Tata, one of India's most powerful industrialists who has propelled the group's global expansion, is to retire in December 2012 at the age of 75.
Business Standard, a leading Indian financial newspaper, quoted unnamed sources as saying Tata's half-brother, Noel Tata, now heading Tata International, the group's global trading arm, was one of the final candidates.
Other contenders in consideration were senior Tata executives, the report said.
A Tata spokesman was quoted as saying the firm would not comment on the five-member search committee's work except to say it was "fully aware of the relevant timeline", referring to Ratan Tata's retirement date.
Last August, the company named the panel to seek a successor to the man credited with transforming the sprawling conglomerate into a focused and profitable organisation.
Comments