The board of Tata Sons Pvt Ltd has approved the re-appointment of N Chandrasekaran as the Executive Chairman of the company for the second five years term. Chandrasekaran’s current tenure as the chairman was to expire at the end of February 2022. He joined the board of Tata Sons in 2016 and took over the role as Chairman in 2017.
Career of Chandrasekaran:
Chandrasekaran’s tenure in the last five years saw several mergers and acquisitions by the group in the steel, aviation and digital sectors and a complete exit from the cellular telephony industry. One of the first tasks of Chandra, as he is popularly known, was to get rid of Tata Teleservices which lost around Rs 60,000 crore in paying back bank loans apart from paying the AGR dues till date. Tatas sold the mobile phone business to Bharti Airtel while retaining debt and other liabilities of the company.