Mumbai, Aug. 13 -- The Tata Trusts have initiated the process to find a successor to Tata Sons Chairman N Chandrasekaran, a day after he announced that he would not offer himself for reappointment when his current tenure ends on February 20, 2027.

In a statement issued on Thursday, the Sir Dorabji Tata Trust said its trustees have passed a resolution to initiate setting up of a Selection Committee as soon as possible, in accordance with the Articles of Association of Tata Sons. The committee will recommend a person for appointment as the new Chairman of the Board of Directors.

The Trust said it respects Chandrasekaran's decision and placed on record its appreciation for his contribution to Tata Sons and the Tata Group over the past deca...