Mr Gopalkrishnan not seeking re-election, says Tata Motors

Tata Motors has clarified itself on the matter of Mr. R. Gopalakrishnan. Tata Motors has said that Mr Gopalakrishnan, the non-executive director on Tata Motors’ Board of Directors is not “stepping down” but not seeking re-election at the forthcoming annual general meeting of the company, when he retires by rotation. Several reports suggested that Mr. R. Gopalakrishnan was “stepping down from the Board” due to “personal reasons”.

In a media release, Tata Motors said that Mr. Gopalakrishnan is not offering himself for re-election in order to enable the company to recast its board to accommodate additional executive directors and retain the requisite ratio of independent directors.

The present Board of Tata Motors consists of 13-members which includes 4 non-executive directors, 7 independent directors and two executive directors.