Tata Investment Corporation on Wednesday announced a leadership change, with Noel N Tata set to step down as its Chairman and Director at the close of business hours on November 11. Bahram Vakil will succeed him as Chairman from November 12, the company said in a regulatory filing to the stock exchanges.
\n\nThe company said the transition is in line with the Tata Group Governance Guidelines, which lay down norms governing board composition, board committees and the retirement of directors.
\n\n"In accordance with the aforesaid Guidelines, Mr. Noel N. Tata (DIN: 00024713) will retire from the office of Chairman and Director of the Company with effect from the close of business hours on November 11, 2026," the company stated.
\n\nNoel Tata has served on the company's board since June 9, 2004, and was appointed Chairman on June 24, 2010. His retirement marks the end of over 16 years as Chairman and more than 22 years as a board member.
\n\nRecognising his contribution, the board has appointed him Chairman Emeritus with effect from November 12.
\n\nThe company stated, "Under his stewardship, the Company has achieved significant milestones and delivered sustained growth and value for its shareholders."
\n\nThe board also expressed its…
Original source: https://www.timesnownews.com/business-economy
