Tata Motors Ltd announces changes to its Board of Directors
Tata Motors announced that Mr 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.
Mr 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."
Mr Guenter 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, Mr 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 Mr Girish Wagh and the Passenger Vehicle Division headed by Mr 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.
Mr Girish Wagh, President - Commercial Vehicles, Mr Shailesh Chandra, President â€" Passenger Vehicles and Mr Thierry Bollore, CEO â€" Jaguar Land Rover will continue to work closely with the Chairman, Mr N Chandrasekaran.