Noel Tata on Friday was unanimously appointed as Chairman of Tata Group’s philanthropic arm Tata Trusts during a board meeting to discuss the group’s succession plans after the demise of Ratan Naval Tata at age 86.
The board decided to appoint Noel Tata, Ratan Tata‘s half-brother, who is on the boards of several listed company firms, including Tata Steel and Voltas.
The decision to appoint Noel Tata as chairman was keeping in mind Ratan Tata’s approach of ‘moving on’.
According to reports, Mehli Mistry is set to be appointed as a permanent trustee of Tata Trusts. Mehli is the estranged first cousin of former Tata Group chairperson, the late Cyrus Mistry.