Tata Motors confirms CEO Guenter Butschek to step down on June 30
Butschek will continue as a consultant to the company till the end of this fiscal year. He had earlier expressed his desire to relocate to Germany at the end of the contract for personal reasons.
- Jun 23, 2021,
- Updated Jun 24, 2021 7:50 AM IST
Tata Motors has confirmed that Guenter Butschek will step down from his role as chief executive and managing director from June 30. The auto giant has appointed Girish Wagh, president-commercial vehicles, as the executive director to the board of Tata Motors from July 1.
He will continue as a consultant to the company till the end of this fiscal year. Butschek had earlier expressed his desire to relocate to Germany at the end of the contract for personal reasons. Chairman of Tata Sons, N Chandrasekaran said Butschek created a strong foundation for Tata Motors' future.
"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," he said.
Tata Motors has confirmed that Guenter Butschek will step down from his role as chief executive and managing director from June 30. The auto giant has appointed Girish Wagh, president-commercial vehicles, as the executive director to the board of Tata Motors from July 1.
He will continue as a consultant to the company till the end of this fiscal year. Butschek had earlier expressed his desire to relocate to Germany at the end of the contract for personal reasons. Chairman of Tata Sons, N Chandrasekaran said Butschek created a strong foundation for Tata Motors' future.
"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," he said.