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Noel Tata to succeed Ratan Tata as chairman of Tata Trusts: Sources

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Ratan Tata Noel Tata

Ratan Tata (L); Noel Tata (R)

Mumbai: Noel Tata, the half-brother of late Ratan Tata, will be the next chairman of Tata Trusts, sources said on Friday.

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The 67-year-old Noel was chosen to lead the trusts, which collectively own Tata Sons, in a meeting on Friday.

The meeting of the board was held to choose the successor to Ratan Tata after his demise on Wednesday.

A formal announcement on the appointment of Noel, who runs retail business Trent, is likely soon.

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