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Noel Tata appointed as managing director of Tata International
It is now being speculated that he might be the next possible heir to the chair which is currently held by Ratan Tata, who will retire in the next two years.
 
Fri, Jul 30, 2010 10:56:53 IST
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RATAN TATA's half brother, Noel Tata has now advanced one step higher in the group's hierarchy and has been appointed as managing director of Tata International. Earlier in June 2010, he was listed as as a non-executive chairman of Tata Investment Corp Ltd, which has considerable number of shares in the Tata group of companies.
 
It is now being speculated that he might be the next possible heir to the chair which is currently held by Ratan Tata, who will retire in the next two years. Ratan Tata is 73 years old and as per the company rules there is an age limit of 75 for serving as a non-executive chairman.
 
Noel Tata started his career with Trent when retailing was not much in the limelight. He played a pivotal role in steering the profits to Rs 1137 crore from Rs 8 crore, when he formulated retailing chains along with Future Group's Kishore Biyani and Shopper's Stop's B S Nagesh.
 
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