Tata Motors’ Guenter Butschek to step down as CEO & MD from June 30; Other major rejig to follow
Guenter Butschek will continue as a consultant to the company till the end of this fiscal year, as per an official statement.
Tata Motors has announced officially that Guenter Butschek will be stepping down from his role as CEO & MD from June 30, 2021. He will continue as a consultant to the company till the end of this fiscal year, as per an official statement.
Butschek had informed his desire to relocate to Germany at the end of the contract for personal reasons, the release by Tata Motors stated.
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Butschek said: “Leading Tata Motors over the last 5 years was an exciting experience. The business fundamentals are stronger, and we are well-positioned to leverage the opportunities in both Commercial and Passenger Vehicles. I look forward to my continued association with the company as a consultant in the coming months.”
Pursuant to this, Girish Wagh is being appointed as the Executive Director to the Board of Tata Motors from July 1, 2021.
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.
The Executive Committee is an experienced leadership team that has been successfully scripting the turnaround of the company and will continue to drive the business.
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.
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