Tata Trusts kicks off process to pick Chandrasekaran’s successor

Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12MUMBAI: Setting in motion the process of finding the next chairman of Tata Sons, majority stakeholder Tata Trusts issued a statement on Thursday saying it “respects” N Chandrasekaran’s decision not to offer himself for reappointment. Trusts control over 51.4% in Tata Group’s holding company.The statement, coming a day after Chandra said he would step down at the end of his five-year term in Feb 2027, puts Tata Trusts chairman Noel Tata, who is one of its two nominee directors on Tata Sons board, at the centre of the succession process.Sir Dorabji Tata Trust (SDTT), Tata Sons’ largest shareholder with a 27.9% stake, passed a resolution on Thursday to begin setting up a selection c