Tata
Motors has announced that Guenter Butschek who had informed his desire to
relocate to Germany at the end of the contract for personal reasons, will
therefore 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.
Pursuant
to this, Girish Wagh is being appointed as the Executive Director to the Board
of Tata Motors Ltd 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, Tata Group, N Chandrasekaran, a company release said.
Chandrasekaran
said, “I would like to thank Guenter for leading Tata Motors successfully over
the last 5 years and creating a strong foundation for the future. I look
forward to his continued inputs as a consultant to the Company.”
Butschek
stated that “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.”