Ratan Tata Felt Noel Needed More Exposure, Experience to Succeed Him
In a recently released book, it was revealed that Ratan Tata, the late Chairman Emeritus of Tata Sons, believed that his half-brother Noel Tata required greater exposure and experience in handling challenging assignments in order to take over as the head of the principal investment holding firm and promoter of Tata companies.
Selection Process for Tata Trusts Chairman
Following Ratan Tata's passing, Noel Tata was appointed as the Chairman of Tata Trusts, which oversees the USD 165-billion conglomerate. Noel Tata was among the candidates interviewed in March 2011 during the selection process for a successor.
Ratan Tata's Approach
Ratan Tata chose to distance himself from the selection committee tasked with finding his successor, a decision that he later regretted. He wanted the contenders to be recommended based on collective decision-making rather than his personal preference. Despite the expectation that Noel Tata would be the 'default candidate', Ratan Tata emphasized that talent and values were paramount considerations, regardless of religion or background.
Noel Tata's Experience
Ratan Tata expressed the view that Noel Tata needed more exposure to handle challenging assignments effectively and establish his credentials. He believed that Noel should have the opportunity to demonstrate courage and enterprise, essential qualities for leading the Tata group.
Final Successor Selection
Ultimately, Cyrus Mistry succeeded Ratan Tata as Chairman of Tata Sons in December 2012, after initially being part of the selection committee. Ratan Tata's emphasis on meritocracy and leadership qualities shaped the decision-making process.
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