N Chandrasekaran, Tata Sons chairman, stepped down as chairman and director of Tata Chemicals, citing the need to reevaluate his current and future responsibilities. The company has named S Padmanabhan as the new chairman of its board.

Chandrasekaran, a member of various group company boards, will also need to lead the two distinct boards of Tata Motors Passenger Vehicles and Tata Motors Commercial Vehicles, which have been divided into two entities.

In a regulatory filing, the company disclosed that Chandrasekaran communicated his decision in a letter dated May 28. After careful consideration, I have decided to step down from the board. It has been an honour to serve as chairman, and I am grateful for the support and cooperation extended to me during my tenure.

He has been on the board of Tata Chemicals, which has historically been one of the main group companies. However, in recent years, the group has invested in ambitious new growth ventures such as Tata Digital, Tata Electronics, and Air India, which are his focus areas.

Following the suggestions of the nomination and remuneration committee, the Tata Chemicals board appointed Modan Saha as an additional director.

Originating from a farming household in Mohanur in Namakkal, Tamil Nadu, N Chandrasekaran, the present Chairman of Tata Sons, the parent organization.

Manages the Tata Group—began from modest origins and ascended to the pinnacle of India’s vast conglomerate after Ratan Tata, the iconic Chairman Emeritus of the Tata Group, who died in October last year, chose to retire.

 

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His tenure with the Tata Group started in 1987 when he became an intern at Tata Consultancy Services (TCS) and rapidly advanced to Chief Operating Officer (COO) in September 2007. In October 2009, at only 46 years old, N Chandrasekaran was named the CEO of TCS.