I'm human too, wish to move on: Ratan Tata

MUMBAI: Amid speculation over succession plans at the USD 71-billion conglomerate Tata Group, Chairman Ratan Tata today said he wants to move on and give others a chance to take his place. "We are also human and we must move on and others should get a chance to take our place," Tata said in reply to a shareholder's query at group company TCS's annual general meeting on the company's retirement policy vis-a-vis his own retirement. Earlier this week, the appointment of Noel Tata as chairman of Tata Investment Corporation triggered speculation that he will step into the shoes of his half-brother, Ratan Tata, as chairman of the conglomerate. However, when contacted, a spokesperson had declined to comment on the speculation. In the Tata Group, there is an age limit of 75 for serving as non-executive chairman and Ratan Tata's term is scheduled to end in December, 2012. Earlier this year, Ratan Tata had told reporters: "I said that after (launching small-car) Nano, it will be a good time to step down... I still have a deadline for my retirement. I do have the responsibility to have a successor and both these things will take place." Source - http://economictimes.indiatimes.com/infotech/software/Im-human-too-wish-to-move-on-Ratan-Tata/articleshow/6121556.cms