- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Days after Ratan Tata’s demise, Noel Tata plans to bring major changes in Tata Trust, key roles to be…
Within days of assuming his position, Noel Tata has made significant changes to the company's structure
Updated : Oct 31, 2024, 12:56 PM IST
 "Days after Ratan Tata’s demise, Noel Tata plans to bring major changes in Tata Trust, key roles to be…")
TRENDING NOW
)
OTT Releases This Week: Special Ops 2, Kuberaa, Vir Das Fool Volume; latest films, web series to binge-watch on Netflix, Prime Video, JioHotstar
)
Mukesh Ambani's company's profit rises to Rs 325 crore days after acquiring entire stake of India's largest govt bank in...
)
Ranbir Kapoor, Sai Pallavi's Ramayana Rs 4000 crore budget draws fire from this filmmaker: 'Hollywood films like...'
)
Barack Obama and Michelle Obama finally address divorce rumours, say 'It was...'
)
What is Kanwar Yatra, how did it begin? Lord Shiva gulped poison, then THIS happened...
)
Bomb scare: More than 20 schools in Delhi receive bomb threats, here's what we know so far
)
Uttar Pradesh flood alert: Ganga water level rises in Varanasi, Prayagraj and other districts of UP after heavy rainfall
)
This college records Rs 10000000 placement package for 2025 batch, not IIT Delhi, IIT Bombay, IIM Ahmedabad, it is...
)
India's BIG statement on US President Donald Trump, NATO's sanction threat on Russian imports, says, 'Not worried at all...'
)
10 most handsome men in the World: This BTS member beats Hrithik Roshan, Chris Evans, Brad Pitt
)
Ashish Chanchlani drops new post with Elli AvRam, reveals 'Finally, we have...'
)
Meet woman who failed four times in UPSC exam and finally cracked it with AIR..., is now CEO of...
)
US takes BIG step on Pahalgam terror attack, declares LeT proxy The Resistance Front as...
)
US embassy's BIG warning to visa holders, says, 'Will revoke their visas if they don't...'
)
Saiyaara box office prediction day 1: Ahaan Panday, Aneet Padda film set to become biggest opening movie with debutants, likely to earn over Rs...
After the passing of Ratan Tata on October 9, Noel Tata stepped in as the new chairman of Tata Sons, a role he took over on October 11. Within days of assuming his position, Noel Tata has made significant changes to the company's structure, sparking discussions across the business community, according to reports.
Noel Tata has abolished two major positions within the company: Chief Finance Officer (CFO) and Chief Operating Officer (COO). This decision, as reported by The Economic Times, aims to reduce expenses and cut down on management costs. Tata Trusts, which holds a 66% stake in Tata Sons, reportedly approved the changes, signifying its influence over the company’s key decisions.
The report suggests that discussions around removing these roles were already in progress before Ratan Tata’s demise. However, with Noel Tata now at the helm, these restructuring plans are being implemented. An internal survey and audit report recently revealed that management costs had increased to around Rs 180 crore, adding urgency to this move.
Additionally, a report from Livemint highlighted that members of the Sir Ratan Tata Trust and Sir Dorabji Tata Trust are now allowed to hold their positions permanently.
As Noel Tata reshapes the company, industry experts are watching closely to see how his leadership will influence Tata Sons in the coming years.
