New Delhi: Chairperson of Tata Sons N Chanrasekaran on Wednesday said there was no structural change in leadership on the foundation on the parent company from the conglomerate-to-software-to-software of USD 106 billion.
Ratan Tata, the OCTogenarian Chair of Tata Trust who has controlled shares in Tata Sons, separately said he was very disappointed with reports speculating large development in the leadership structure in the group.
“I want to declare that there is no change in leadership structures in Anvil,” Chandrase said in a brief statement.
The statement took place in connection with the Bloomberg report that said Tata Sons considered “historical structure of his leadership structure by creating the main role of executive officers to help improve corporate governance.” The position of the CEO, he said, will be made under the position of the current chairman, to “guide a broad business of the Empire Tata 153 years.” Chandrasekan said such decisions were taken by the Nomination Committee and Remuneration of the Board.
“Every decision like that, if relevant, was taken by the Nomination and Remuneration Committee,” he said.
“We were very disappointed with such stories that created interference with regular operations.” In a separate statement, Ratan Tata said, “Such speculation can only function to cause interference between teams that have operated smoothly with impressive market value growth.” “I was very disappointed with media reports recently about major improvements in the organization’s organization framework through a speculative company of wise restructuring with me looks very important to implement this change,” he said.