Noel Tata retires as Tata Investment chairman; Vakil to follow
In short
Noel Tata retired as chairman of Tata Investment on November 12, and Bahram Vakil was named to take over. The board also gave Tata the title of Chairman Emeritus from the same date.
This is a leadership change at Tata Investment. It could matter for the company’s future direction and board setup.
What the reporting says
Noel Tata retired as chairman of Tata Investment on November 12, and the board appointed Bahram Vakil to succeed him.
Why it matters
Noel Tata stepped down as chairman of Tata Investment on November 12, and the board named Bahram Vakil as his successor. The board also appointed Tata as Chairman Emeritus from the same date. The announcement points to a change at the top of the company and a continuation of Tata’s association in an honorary role.