March 29, 2024

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Guenter Butschek to step down as CEO & MD on June 30: Tata Motors

Tata Motors introduced that Guenter Butschek who experienced informed his want to relocate to Germany at the end of the agreement for personal motives, will be stepping down from his position as CEO & MD from June 30, 2021. He will continue as a guide to the company until the end of this fiscal year.

Pursuant to this, Girish Wagh is getting appointed as the Government Director to the Board of Tata Motors from July 1, 2021. Wagh is the president of industrial automobiles division. The passenger auto division will continue to be headed by Shailesh Chandra.

Tata Sons Chairman N Chandrasekaran stated, “I would like to thank Guenter for primary Tata Motors properly more than the past five a long time and building a potent foundation for the foreseeable future. I appear forward to his ongoing inputs as a guide to the company.”

In advance of Butschek, Tata Motors was without the need of a CEO for two a long time (2014 until 2016) soon after Karl Slym’s sudden demise. At that time, former Tata Motors chairman Cyrus Mistry supervised its operating. The company was also without the need of a CEO for 10 months in 2012, soon after Prakash Telang superannuated. In advance of that much too, it was without the need of a CEO for 10 a long time (1994 to 2005), soon after J E Talaulicar retired. Tata Motors chairman emeritus Ratan Tata oversaw the company’s functions throughout that period.

Butschek, also a German countrywide, has been handling Tata Motors from his residence place Austria for most of the Covid-19 pandemic that has limited human mobility.

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