The search for new chairman of Tata Group following the ouster of Cyrus Mistry has thrown up quite a few names. The high-profile names involve Indra Nooyi, the head of PepsiCo Inc, the former head of Vodafone Group, Arun Sarin, and Noel Tata, leader of the Tata retail unit Trent.
There are also a pair of three possible internal candidates — IT services company Tata Consultancy Services BSE -0.14 % (TCS) CEO N Chandrasekaran, his predecessor S Ramadorai, & Jaguar Land Rover boss Ralf Speth. Chandrasekaran & Speth were elevated to the board positions at the group’s holding company, Tata Sons, on October 25, a day after Mistry, who was chairman for nearly four years, was suddenly dismiss. On Tuesday, news come out that Ramadorai had resigned as chairman of the government skill development agencies, NSDA and NSDC, triggering opinion that he too is in the running for the top job at Tata Sons.
A five-man group that involves Ratan Tata, Mistry’s predecessor and the interim chairman, has been the tasked with finding a new chairman.