Guenter Karl Butschek, CEO and Managing Director of Tata Motors Worldwide will be stepping down from June 30, 2021, He had already informed his desire to relocate to Germany at the end of the contract.
However, he will continue as a consultant to the company till the end of this fiscal year.
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.”
Butschek added, “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, Girish Wagh is being appointed as the Executive Director to the Board of Tata Motors from July 1, 2021. Wagh is the president of commercial vehicles division.
The passenger vehicle division will continue to be headed by Shailesh Chandra. Girish Wagh, Shailesh Chandra, and Thierry Bollore will continue to work closely with the Chairman, N Chandrasekaran
Before Butschek, Tata Motors was without a CEO for two years (2014 till 2016) after Karl Slym’s sudden demise. At that time, former Tata Motors chairman Cyrus Mistry supervised its functioning.
The company was also without a CEO for 10 months in 2012, after Prakash Telang superannuated. Before that too, it was without a CEO for 10 years (1994 to 2005), after J E Talaulicar retired. Tata Motors chairman emeritus Ratan Tata oversaw the company’s operations during that period.
Butschek, also a German national, has been managing Tata Motors from his home country Austria for most of the Covid-19 pandemic that has restricted human mobility.