Tata- Top CEO resigns! What is the reason...?
Although Chandrasekaran is the Chairman of the Tata Group, India's largest business conglomerate, many members of the Tata family are in charge of managing the company.
Noel Tata is one of the most important members of the Tata family in the Tata Group following Ratan Tata.
Noel Tata
Noel Tata has stepped down from his direct management position and has taken over as CEO of Tata International. The most important reason for making this decision was his age. noel Tata has resigned from the Tata Group as per his retirement policy.Age Limit As per the rules of Tata Group, the Chairman of the Board should not be above 65 years of age and should not be eligible for all board posts above the age of 70 years and should resign from the post beyond the specified age limit. According to this, noel has left all direct management responsibilities to Tata at the age of 65.