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N Chandrasekaran's tenure as Tata Sons chairman is extended until 2032
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Tata Trusts approved the extension, breaking its retirement policy for the first time
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Chandrasekaran will serve beyond the group’s age limit of 65 years
In a major development, Tata Trusts has unanimously approved the extension of N Chandrasekaran’s tenure as Tata Sons chairman, NDTV Profit has learned.
The trustees have cleared the decks for Chandrasekaran to continue as Tata Sons chairman until 2032, a decision that was cleared earlier in the year.
This move marks a break from tradition, where previous Tata Sons executives have not continued beyond the age of 65.
N Chandrasekaran will turn 65 by the time his second term ends on February 2027. A third will see him continue until 2032, meaning the Tata Sons Chairman will be 70 by the time his third term ends.
The decision to extend N Chandrasekaran's tenure was a part of the group's strategy to maintain leadership continuity in key areas, as per a story first reported by the Economic Times.
Sources have told NDTV Profit that Chandrasekaran's extension was not a part of Friday's Tata Trusts meeting.
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