Reports of considering changes in the company’s leadership structure have been dismissed by Tata Sons Ltd he holding entity of the $106-billion business empire, of Tata group
On September 15 in a statement, Tata Sons Chairman N Chandrasekaran said “I would like to state that no leadership structural changes are on the anvil, as speculated in certain sections of media. Any such decisions if relevant, are taken by the Nomination and Remuneration Committee.” Adding further to the statement Chandrasekaran said, “We are extremely disappointed with such stories that create disruption to regular operations.”
Tata sons are foreseeing to create a post of chief executive officer (CEO), says Bloomberg in a report. Pointing out the report says, “people engaged in the deliberations, as per the plan that is under reflection, the CEO will be in charge of guiding the various businesses of Tata group, whereas, the chairman will oversee the chief executive’s functioning on behalf of the shareholders.”
To accomplish the suggested changes the approval by the chairman of controlling owner Tata Trusts, Ratan Tata has been marked as essential, the position of CEO of Tata Sons was also offered to the heads of various Tata group entities, including the chief of Tata Steel Ltd says the report.