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Who will succeed Ratan Tata?

Who will succeed Ratan Tata?

Ratan Tata has announced his retirement in December 2012, when he turns 75. Tata Sons, the promoter of the $71 billion Tata Group, has formally commenced the process to find a successor to its present chairman, who will retire

Tata Sons’ nine-member board has formed a selection committee comprising five members, including an external member, “to decide on a suitable successor” and is in the process of formulating criteria “for identifying the most suitable candidate taking into account the global nature and complexity of the group’s business.”

The committee would look at candidates both within the organisation and outside. It is expected that the final selection would be made in “adequate time to effect a smooth transition and change of leadership” before Ratan Tata retires.

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