Noel Tata retires as Tata Investment Chairman after 16 years; successor named

New Delhi: Tata Investment Corporation on Wednesday announced that Noel N Tata will retire as its Chairman and Director with effect from the close of business hours on November 11, with Bahram Vakil set to take over as Chairman from November 12.In a regulatory filing to the stock exchanges, the company said the retirement was in accordance with the Tata Group Governance Guidelines, which prescribe requirements related to board composition, board committees and the retirement of directors.