TIL Desk/Business/Mumbai/ Tata Trusts, a cluster of charitable organisations controlling 66 per cent of Tata Sons, the holding company of the group, announced a series of top-level changes after a crucial board meeting on Wednesday.
The restructuring includes one exit and two fresh inductions into the trust. R Venkataramanan (Venkat as he’s often called) stepped down as managing trustee of the Sir Dorabji Tata Trust, while Noel N Tata, chairman of Trent and managing director of Tata International, and philanthropist Jehangir H C Jehangir have been brought in as trustees at the Sir Ratan Tata Trust.
The entry of 62-year-old Noel Tata, left, half brother of Ratan Tata, into Tata Trusts is being seen as a significant departure from the past within the salt-to-software conglomerate. Noel is also brother-in-law of former Tata Sons chairman Cyrus Mistry. Although there has been much talk earlier about Noel’s likely entry into the Trusts, it had so far proved to be a false alarm.
