Mumbai: Tata Motors has announced changes in its Board of Directors. The automaker has elevated Girish Wagh as executive director, with effect from 1 July. He currently serves as the president of commercial vehicles.
The company also announced that Guenter Butschek will step down from his role as CEO and MD from 30 June. He would relocate to Germany at the end of the contract for personal reasons. “Butschek will continue as a consultant till the end of this fiscal year,” it said in a statement.
President- passenger vehicles, Shailesh Chandra, CEO - Jaguar Land Rover, Thierry Bollore, and Wagh will continue to work closely with the chairman, N Chandrasekaran to lead Tata Motors, the company stated.
Speaking on the latest announcement, Tata Motors' chairman, N Chandrasekaran said, “I would like to thank Guenter for leading Tata Motors successfully over the last five years and creating a strong foundation for the future. I look forward to his continued inputs as a consultant to the company."