Guenter Butschek to step down as CEO & MD on June 30: Tata Motors
Tata Motors announced that Guenter Butschek who had informed his desire to relocate to Germany at the end of the contract for personal reasons, will 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.
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.
Tata Sons Chairman N Chandrasekaran said, “I would like to thank Guenter for leading Tata Motors successfully over the last 5 years creating a strong foundation for the future. I look forward to his continued inputs as a consultant to the company.”
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.