MAM
Mipim names Nicolas Boffi as new director
PARIS: Rx France has appointed Nicolas Boffi as director of Mipim, the global urban festival that each March draws more than 20,000 delegates to Cannes. An engineer and urban planner by training, Boffi has over two decades of experience in real estate and urban development, spanning project management, business development and public affairs.
He joins from Arcadis, where he led strategy for the global cities programme as Paris city executive, working with both the private sector and city leaders on sustainable projects in the French capital and beyond.
Boffi succeeds Nicolas Kozubek, who steered Mipim through a turbulent period of industry change. Under his watch, Mipim became a forum where real-estate players and policymakers confronted geopolitical risk, technological disruption and the shift towards sustainability.
Filippo Rean, managing director at Rx France, said Boffi’s “strategic mindset and track record in aligning public and private priorities” would help sharpen Mipim’s position as the place where cities’ biggest challenges—sustainability, resilience and competitiveness—are tackled head-on.
Boffi said his priority was to deepen dialogue between the public and private sectors. “The next few years will bring economic, political and fiscal challenges that demand collaboration and bold decision-making,” he said. “Mipim must be where uncertainty turns into opportunity.”
Expect new content under his leadership, from a sharper focus on AI disruption to the race to net zero.
Mipim returns to the Palais des Festivals in Cannes from 9-13 March 2026. The Mipim Asia Summit runs on 3-4 December 2025 in Hong Kong.
Brands
Tata Sons defers decision on chairman N Chandrasekaran’s third term
Term runs till 2027, but board differences are stalling extension talks
MUMBAI: Tata Sons has deferred a decision on whether to extend the tenure of its chairman, N Chandrasekaran, injecting fresh uncertainty into the leadership timeline of India’s largest conglomerate.
The board had last year cleared a third executive term for Chandrasekaran running until February 2027, when he turned 65. However, deliberations on any further extension were put on hold this week after differences emerged during a board meeting, CNBC-TV18 reported, citing people familiar with the matter.
The pause underscores internal strains as the group pushes through an aggressive investment cycle while grappling with uneven financial returns. The Economic Times reported that Chandrasekaran himself asked for discussions on his reappointment to be deferred after some directors raised concerns about mounting losses at several newer businesses.
Those concerns were led by Tata Trusts chairman Noel Tata, the principal shareholder of Tata Sons. Other board members countered that losses were expected in early-stage, capital-intensive ventures designed to secure the group’s long-term position.
Since taking charge in 2017, following the ouster of Cyrus Mistry, Chandrasekaran has driven a phase of expansion and consolidation. Over the past five years, the tata group has nearly doubled revenue and more than tripled net profit and market capitalisation, while committing about Rs 5.5 lakh crore to investments aimed at making the conglomerate “future fit”, according to its latest annual report.
Recent numbers, however, present a more mixed picture. Tata Sons reported a 24 per cent rise in revenue to Rs 5.92 lakh crore in fiscal 2025, while net profit fell 17 per cent to Rs 28,898 crore.
In its annual report, the company said the year opened with expectations of macroeconomic stability and easing inflation. That optimism faded as uncertainty over global trade policy intensified, complicating the operating environment.
For now, the question of leadership continuity at the apex of the Tata Group remains unresolved and closely watched by investors assessing the cost and conviction behind the conglomerate’s long-term bets.
