N Chandrasekaran joined the board of Tata Sons in October 2016.
New Delhi: Tata Sons on Friday appointed N Chandrasekaran as its executive chairman for a term of five years. “The Board members appreciated the performance of the Executive Chairman and unanimously approved the reappointment of Mr. Chandrasekaran for the next five years,” Tata Sons said in a release.
Ratan Tata, a special invitee to the meeting, expressed satisfaction at the progress and performance of the Tata Group under the leadership of Mr. Chandrasekaran. He recommended that his term be renewed for a further period of five years, the release said. ” ,
On his reappointment, Mr. Chandrasekaran said, “It has been a privilege to lead the Tata Group for the last five years and I am delighted to have the opportunity to lead the Tata Group in its next phase for the next five years.”
He joined the Tata Sons board in October 2016 and was named chairman in January 2017.
The combined revenue of the Tata group for the fiscal year ended March 31, 2021 was around $103 billion (Rs 7.7 lakh crore).
Recently, the Tata group took control of Air India after 69 years.
Mr. Chandrasekaran had said, “We are delighted to have Air India back in the Tata Group and are committed to making it a world class airline.”
He also met Prime Minister Narendra Modi before the official handover.
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