Ratan Tata's Successor: Noel Tata Appointed Chairman of Tata Trusts

NEW DELHI: Noel Tata has been appointed chairman Tata Trusts He will succeed his half-brother Ratan Tata on Friday, who died on Wednesday at the age of 86, according to a CNBC report.
Noel, 67, will be the 11th chairman of the Sir Dorabji Tata Trust and the sixth chairman of the Sir Ratan Tata Trust.
Noel's appointment is significant as Tata Trusts holds a 66% stake in Tata Sons, the holding company for the numerous companies under the Tata brand, which has a history spanning over 150 years.

Who is Noel Tata?

Noel N. Tata, Chairman and Non-Executive Director of Tata International Limited, has been with the Tata Group for four decades. He is the son of Naval H Tata and Simone N Tata.
He is a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust.
According to the Tata Trusts website, Noel's children Maya, Neville and Leah are also involved in the family's charitable activities and serve as trustees of various charities associated with the Tata Trusts.

Noel Tata's educational background

Noel Tata attended major universities in India and abroad.
Noel Tata graduated from Sussex University in the United Kingdom and completed the International Executive Program (IEP) at INSEAD.

Noel Tata's leadership background

Noel currently holds several key positions within the group, including Chairman of Trent, Voltas and Tata Investment Corporation, and serves as Vice Chairman of Tata Steel and Titan Company Limited.
Noel Tata has been Chairman of Trent Ltd, the Tata Group's successful clothing retailer, since 2014. During his tenure, Trent's shares rose over 6,000% in the last decade, making the company one of the most prosperous Tata companies in recent years. Under his leadership, the company has expanded its branch network and workforce even as competitors have scaled back operations.
Prior to his position at Trent, Noel was Head of Tata International Ltd from 2010 to 2021. During his time there, the commodities trading company's revenue grew from $500 million to over $3 billion.
Widely considered one of India's most respected business leaders, the late Ratan Tata played an important role in transforming the Tata empire into a diversified global conglomerate with a presence in multiple industries.
The founding of the Tata Trusts can be traced back to 1892 when it was founded by Jamsetji Tata, the great-grandfather of Noel and Ratan, a few years after he laid the foundation of the Tata Group.