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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