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Noel Tata appointed Chairman of Tata Trusts following Ratan Tata's passing
Noel Tata has been appointed chairman of Tata Trusts on October 11, succeeding his half-brother Ratan Tata, who passed away at the age of 86 on October 9.
Noel Tata, who has longstanding ties with Tata Group's various businesses, will be the first family member since 2011 to simultaneously serve on the boards of both Tata Sons and Tata Trusts.
In a significant leadership transition, Noel Tata steps into the Chairman role of Tata Trusts with a robust background in the Tata Group, as per CNBC-TV18.
As the chairman of Trent Ltd. since 2014, he has overseen a remarkable surge in its shares, rising more than 6,000% over the past decade. His tenure at Tata International Ltd. from 2010 to 2021 saw revenues soar from $500 million to over $3 billion, showcasing his entrepreneurial acumen.
Corporate lawyer HP Ranina praised the decision to appoint Noel, emphasizing the potential for "total continuity and harmony" within Tata Trusts.
R. Gopalakrishnan, former board member of Tata Sons, echoed this sentiment, stating that Noel’s sensible approach would add immense value to the Trust.
Noel, 67, is already a board member of key Tata companies, including Tata Steel Ltd. and Voltas Ltd. His leadership style is characterized by a quiet yet effective approach, as noted by Vallabh Bhanshali of Enam Holding. Bhanshali highlighted the alignment of Tata Group with emerging business trends, positioning them for future success.
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