Tata Trusts managing trustee quits as tenure ends

R Venkataramanan has sought to be relieved from the position of the managing trustee of Tata Trusts. Venkataramanan informed the chairman Ratan N Tata and the Trustees that he had been considering other options given his five-year tenure as the Trusts’ executive and managing trustee was coming to an end.

At the meeting of the Trustees of the Tata Trusts held on Wednesday, the trustees accepted his request as a result of which Venkataramanan will relinquish his responsibilities on March 31, 2019. A committee of Trustees, comprising Ratan N Tata, chairman of the Trusts and, Vijay Singh and Venu Srinivasan, vice-chairmen of the Trusts, has been established with immediate effect to oversee the operations and to select a chief executive for the Trusts.

The Trustees placed on record Venkataramanan’s significant contribution in steering and executing the objectives of the Trusts’ portfolios over the last five years. In addition to interventions through grants, the Trusts now also pursue large-scale programmes through direct implementation and partnerships with multiple state governments and foundations.