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Ratan Tata quits posts

Mumbai Dec. 28. Ratan Tata who turned 65 today gave up all his executive posts in the Tata empire. He will become the non-executive Chairman from tomorrow which officials said would not impact the working of the group in any major way.

In his new capacity, he would hold the reins of the diverse group and continue to steer it till the age of 70 when all Tata employees retire finally, group officials said.

Mr. Tata would be involved in the business and the group executive office, which includes executive directors, Ishaat Hussain, R. Gopalkrishnan and Kishore Chaukar, the spokesperson said.

PTI

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