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Noel Naval Tata, the obsessively media shy half brother of Ratan Tata and the current Managing Director of Tata International, has emerged as a contender for the top job at Tata Sons, after the committee to select a new chairman has initiated its search, said two sources aware of the matter.
In This Pic : Noel Tata
Pic Courtesy : BCCL
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Tata's name is amongst the few internal candidates like N Chandrasekaran and Ralf Speth who have emerged as potential candidates shortlisted for the race for the top job at India's largest conglomerate. TCS CEO Chandrasekaran and Speth, his counterpart in Jaguar Land Rover are the latest appointees to Tata Sons, the group holding company, having been inducted in October as additional directors, a day after Cyrus Mistry's sacking.
In This Pic : Noel Tata
Pic Courtesy : BCCL
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The board of Tata Sons removed Mistry, 48, from the chairmanship of Tata Sons on October 24th, claiming to have lost confidence in his leadership and brought back 78-year old Ratan Tata for 4 months as the interim chairman. Within that period, the 5 member panel comprising Tata himself along with TVS Group chairman, Bain Capital's Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, have been mandated to finalise a candidate.
In This Pic : Noel Tata
Pic Courtesy : BCCL
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External names like Former Unilever COO Harish Manwani too have been speculated upon.
In This Pic : Noel Tata
Pic Courtesy : BCCL
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Sources close to Tatas however cautions that the selection committee has just started their search and it would be premature to suggest anything definitive. One of them even added that Manwani or Chandra have also so far not met the panel for any interviews.
In This Pic : Noel Tata
Pic Courtesy : BCCL
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