Wednesday, November 18, 2009

Tata's successor may be an expatriate

Industry leader Ratan Tata has said that his successor could be from outside India.
The 71-year-old chairman of Tata Group, which makes nearly everything from salt to steel to luxury cars, told the US daily Wall Street Journal in an interview that his successor could be an expatriate. Tata's tenure is till 2012. It would certainly be easier if that candidate were an Indian national. But now that 65 per cent of our revenues come from overseas, it could also be an expatriate sitting in that position with justification now that we are a company that has global reach and global presence, Tata said to a question on how he was conducting the search for his successor.

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