Tata Motors introduced that Guenter Butschek who had informed his desire to relocate to Germany at the finish of the contract for personal good reasons, will be stepping down from his position as CEO & MD from June 30, 2021. He will continue on as a marketing consultant to the business till the finish of this fiscal yr.
Pursuant to this, Girish Wagh is being appointed as the Executive Director to the Board of Tata Motors from July 1, 2021. Wagh is the president of professional automobiles division. The passenger automobile division will continue on to be headed by Shailesh Chandra.
Tata Sons Chairman N Chandrasekaran claimed, “I would like to thank Guenter for leading Tata Motors properly above the very last five several years and making a potent basis for the upcoming. I look ahead to his ongoing inputs as a marketing consultant to the business.”
In advance of Butschek, Tata Motors was devoid of a CEO for two several years (2014 till 2016) immediately after Karl Slym’s unexpected demise. At that time, former Tata Motors chairman Cyrus Mistry supervised its functioning. The business was also devoid of a CEO for ten months in 2012, immediately after Prakash Telang superannuated. In advance of that as well, it was devoid of a CEO for ten several years (1994 to 2005), immediately after J E Talaulicar retired. Tata Motors chairman emeritus Ratan Tata oversaw the company’s operations in the course of that time period.
Butschek, also a German countrywide, has been taking care of Tata Motors from his household country Austria for most of the Covid-19 pandemic that has limited human mobility.