New Delhi, Aug. 12 -- Natarajan Chandrasekaran, chairman of Tata Sons Pvt. Ltd., has told the company's board that he will not seek reappointment when his current tenure ends in February 2027, deciding against a third term seven months before his second five-year term expires. He will continue as chairman until then.

Chandrasekaran became chairman of Tata Sons in January 2017, after spending three decades at Tata Consultancy Services Ltd., including as its chief executive. His decision to step down comes at an unsettled moment for the House of Tata, with questions over succession, governance, capital allocation and the direction of the group's newer businesses.

Since Ratan Tata's death on 9 October 2024, the balance of power between Tat...