Mumbai,
Maharashtra
Tata Motors
announced that Guenter Butschek will be stepping down from his role as CEO
& MD from June 30, 2021. Girish Wagh is being appointed as the
Executive Director to the Board of Tata Motors Ltd from July 1, 2021. Tata
Motors announced that Guenter Butschek had informed his desire to relocate to
Germany at the end of the contract for personal reasons. He will continue as a
consultant to the company till the end of this fiscal year.
Chandrasekaran
said that, he would like to thank Guenter Butschek for leading Tata Motors
successfully over the last 5 years and creating a strong foundation for the
future. He looks forward to his continued inputs as a consultant to the
Company.
Guenter Butschek
stated that, leading Tata Motors over the last 5 years was an exciting
experience. The business fundamentals are stronger, and the company is well
positioned to leverage the opportunities in both Commercial and Passenger
Vehicles. He also said that he looks forward to his continued association with
the company as a consultant in the coming months.
Tata Motors’
domestic business has successfully transitioned to a Business Unit structure
with the Commercial Vehicles Division headed by Girish Wagh and the Passenger
Vehicle Division headed by Shailesh Chandra.
Girish Wagh, President - Commercial Vehicles, Shailesh Chandra, President – Passenger Vehicles and Thierry Bollore, CEO – Jaguar Land Rover will continue to work closely with the Chairman, N Chandrasekaran.
Source: Tata Motors Press Release
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