Tata Trusts’ CEO to ‘retire’; Cyrus cousin named trustee

Tata Trusts has made changes in its leadership, with N Srinath stepping down from his role as chief executive and Mehli Mistry, a confidant of Ratan Tata and cousin of former Tata Sons chairman Cyrus Mistry, being appointed as a trustee of the public charitable organisation that controls Tata Group.

- Reeba Zachariah

Mumbai: Srinath, who was brought in from Tata Teleservices to spearhead Tata Trusts, leaves the job after more than two-and-a-half years at the helm. He will be “retiring on his superannuation”. His last date at Tata Trusts will be October 31. Srinath turned 60 in July this year. Few months ago, when TOI had enquired if Srinath would be stepping down from the CEO post on reaching the retirement age of 60, sources in the group had said he had a five-year contract with Tata Trusts.

There is no clarity as to who will replace Srinath at Tata Trusts but the investment activities of the organisation will be overseen by the trustees comprising chairman Ratan Tata and vicechairmen Vijay Singh and Venu Srinivasan.