Mumbai, April 08: The Tata group today said the exit of chairman Ratan Tata next year is a cause of concern but exuded hope that his successor — to be elected by a high-profile panel — would settle into the job smoothly and be at the helm probably for a 30-40-year period.
The USD 71-billion group wants the new Chairman to spearhead the group for 3-4-decades and would not like to have one for a small period like five years, Tata Sons Director R Gopalakrishnan told reporters here.
“We think the next leadership is not for five years, but he will be there for 30-40 years, may be,” he said.
The group does not want a person who comes in for just five years, takes stock options and departs to the Bahamas, he said.
-Agencies