Eight months after it was set up to find a successor to Tata Sons Chairman Ratan Tata, the search panel has concluded that it cannot find a "replacement" for the group chief.
"Our committee has come to the conclusion that we cannot find a replacement for (Ratan) Tata!", said Tata Sons Director and one of the members of the committee R K Krishna Kumar in an interview published on the company's website.
Group holding company Tata Sons in August last year had set up a five-member panel to find a successor to Tata, who is due to retire in December 2012 when he turns 75.
Apart from Kumar, other panel members are Tata Sons former vice chairman N A Soonawala, group director Cyrus Mistry, group adviser and lawyer Shirin Bharucha and influential British businessman Lord Bhattacharya.
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