Noel Tata has wrapped up his more than 16 years as chairman of Tata Investment Corporation, stepping down on November 11 after reaching the group's retirement age of 70.
He's not leaving empty-handed: he'll now serve as chairman emeritus, a nod to his long service and leadership.
Bahram Vakil named chairman November 12
Taking over from Noel Tata is Bahram Vakil, who officially becomes chairman on November 12.
Vakil co-founded the law firm AZB & Partners and has been vice chairman since March.
He's known for his skills in corporate restructuring, something that should come in handy as he leads Tata Investment Corporation through this new chapter.
This move is part of a broader leadership refresh happening across the Tata Group.