Ratan Tata is looking for a successor to run the Tata Group and even a foreigner could be handed the reins of the conglomerate, the 71-year-old chairman of the sprawling salt-to-steel behemoth said in an interview with the Wall Street Journal.
“We are in the process of formalising a successor to me. We have some outside consultants and a formal search process is on. There are no constraints,” Tata, who has steered the group for nearly two decades, said in the interview published on Wednesday.
“It would certainly be easier if that candidate were an Indian national. But now that 65% of our revenues come from overseas, it could also be an expatriate sitting in that position with justification now,” Tata said.
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