Sen, a non-executive independent director on the board, left as he reached his retirement age.
But for Chandra, it was a formal acceptance of his resignation.
With the two exits, the nine-member board of Tata group’s holding company (excluding Chairman N Chandrasekaran) will reduce to seven. It now comprises Venu Srinivasan, group chairman and managing director of TVS group; Harish Manwani, former group chairman of Unilever; Farida Khambatta, former member of IFC’s management group; Ralf Speth, CEO of Jaguar Land Rover; Ajay Piramal, chairman of Piramal and Shriram groups; Bhaskar Bhat, CEO of Titan; and Saurabh Agarwal, group CFO of Tata Sons.
Chandra had expressed his desire to step down as non-executive director of Tata Sons last year, citing personal reasons.
His term was coming to an end in March. The managing director of Bain Capital had already stepped down as a trustee of various Tata Trusts. Chandra was also the only representative on the Tata Sons board representing the trusts.
Sen was inducted on Tata Sons’ board in April 2015. He was India’s ambassador to the US from 2004 to 2009. He was India’s ambassador to Mexico (1991-92), to the Russian Federation (1992-98) and the Federal Republic of Germany (1998-2002), and also served as high commissioner to the UK (2002-04).
Sen, 74, had also served on the board of Tata Motors as non-executive independent director for
two years.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in