Mumbai, May 11 -- Noel Tata, Chairman of the Tata Trusts, is preparing to quit the Tata Group company boards since he is nearing 70, according to senior company officials.
Discussions about potential transitions are already underway with senior executives.
Noel Tata will turn 70 in November this year.
The Tata Group has a governance practice where executives retire from operational roles at 65 and step down from nonexecutive board positions at 70.
The group historically followed such age-linked succession norms including during the transition of late Ratan Tata.
Presently, Noel Naval Tata serves as Chairman of Tata Trusts and in that capacity chairs all the trusts which comprise the Tata Trusts.
He also serves as chairman of Tata Inve...