Guenter Butschek, CEO & MD of Tata Motors has decided to step down. The company stated that June 30 will be the last day as the chief of the company. However, he will continue as a consultant to the company till the end of this fiscal year.
Meanwhile, Girish Wagh is being appointed as the Executive Director to the Board of Tata Motors from July 1, 2021.
The company in its statement said Butschek had informed his desire to relocate to Germany at the end of the contract for personal reasons.
Tata Sons, Chairman, N 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.”
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.”
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 Chandrasekaran.
