Ratan Tata likely to step down as Chairman of Tata Trusts : Report
The report quoted the patriarch's long-time confidant R K Krishna Kumar as saying that Tata Trusts has asked an external consultant to advise it on the process of selecting a new chairman to replace Tata.
That could be completed by the middle of next year, though any incoming executive would work alongside Tata first.
The role of the Trusts has been at the center of the ongoing feud between Tata and the ousted chairman of the holding company Tata Sons, Cyrus Mistry.
Mistry has accused Tata of using the Trusts as a separate power base, retaining control of the overall group even after he retired as chairman of Tata Sons. However,Tata disputes the claim.
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