Tata Sons Chairman Natarajan Chandrasekaran said on Wednesday that he will not seek another term when his current tenure ends on February 20, 2027.
His decision brings an end to a six-month stand-off at Air India-parent Tata Sons over his reappointment. For Air India, the timing is important: The airline is facing heavy losses, has just appointed a new CEO, and has pushed its turnaround timeline much further than originally planned.
Chandra said the Sir Dorabji Tata Trust and Sir Ratan Tata Trust had recommended a five-year extension of his term. But when the proposal came before the Tata Sons board on February 24, it did not get unanimous support, Chandra said in a statement.
He added that, after six months without a resolution, he decided not to continue beyond his current term and asked the board to begin the succession process.
Reports have identified the director who opposed the extension as Noel Tata, chair
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