Ratan Tata will step down as chairman of Tata Group by the end of 2012, after more than 20 years in the role. Tata Group, one of India's largest businesses with $71 billion in annual sales, has appointed a five-member committee to select a new head of business to replace Ratan Tata by March 2013. The next leader will be tasked with overseeing 98 Tata companies operating across industries from IT and steel to tea and automobiles.
Ratan Tata will step down as chairman of Tata Group by the end of 2012, after more than 20 years in the role. Tata Group, one of India's largest businesses with $71 billion in annual sales, has appointed a five-member committee to select a new head of business to replace Ratan Tata by March 2013. The next leader will be tasked with overseeing 98 Tata companies operating across industries from IT and steel to tea and automobiles.
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Ratan Tata will step down as chairman of Tata Group by the end of 2012, after more than 20 years in the role. Tata Group, one of India's largest businesses with $71 billion in annual sales, has appointed a five-member committee to select a new head of business to replace Ratan Tata by March 2013. The next leader will be tasked with overseeing 98 Tata companies operating across industries from IT and steel to tea and automobiles.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPTX, PDF, TXT or read online from Scribd
TATA GROUP SEEKS HEAD OF BUSINESS TO REPLACE RATAN TATA
Ratan Tata is the great-grandson of the group’s founder, Jamsetji
Tata.
75-year-old Ratan Tata, who took over the chairman in 1991,
would step down by the end of 2012 The group has appointed a five-member to select a successor by March next year Points to know • The multinational conglomerate has 98 companies in industries ranging from IT services to power generation, to tea production, to steel and automobiles
• Annual sales of $71bn (£46bn) Tata is one of
India’s largest businesses • Ratan Tata revamped the operations of Tata Steel and made it one of the lowest-cost producers in the world • He launch TATA NANO, • Jaguar and Land Rover,