Tata Trusts on Wednesday said its trustees have decided to appoint Srinath Narasimhan as the chief executive of the Trusts with effect from 1 April 2020.
Currently, Narasimhan is the managing director of Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd, Tata Trusts said in a statement.
Srinath Narasimhan appointed as Tata Trusts chief executive; former Citi CEO Pramit Jhaveri to be the Trustee of Sir Dorabji Tata Trust. Having joined the Tata Administrative Services (TAS) in 1986, Narasimhan has held various assignments in the Tata group, including as the managing director of Tata Communications Ltd, it added.
The trustees also appointed Pramit Jhaveri, former chief executive officer of Citi India and former vice chairman of banking, capital markets and advisory for the Asia Pacific, as a Trustee of the Sir Dorabji Tata Trust. His appointment is effective from 12 February 2020, it added.
Tata Trusts hold 66 percent of the equity share capital of Tata Sons, the principal investment holding company and promoter of Tata companies. Started in 1892, Tata Trusts support education, health, livelihood generation, and art and culture through its various philanthropic initiatives.