Tata Motors has announced it has appointed a new Chief Executive Office, two years after the death of previous chief Karl Slym.
Tata Motors has appointed Guenter Butschek as Chief Executive Officer & Managing Director, being expected to join the company by 15th February. He will lead all operations of Tata Motors in India and in international markets including South Korea, Thailand, Indonesia and South Africa. The UK premium Jaguar Land Rover division will continue to be managed by its Chief Executive Officer and Director, Ralf Speth, who is also on the Board of Tata Motors, the company said in a statement. “Tata Motors is going through an exciting yet challenging phase and Mr. Butschek’s appointment comes at an opportune moment,” Cyrus P. Mistry, chairman of Tata Motors, said. “He brings with him rich global experience of growing organizations and developing new markets.” Butschek worked at Daimler AG in international automotive management for more than 25 years, leading functions like production, industrialization and procurement, prior to the role of chief operating officer at Airbus Group.
The appointment of the new boss comes at a time when Tata Motors’ core business has posted losses in five of the past seven quarters through September. The automaker has introduced new passenger vehicle models as it seeks to regain lost market share. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 39,973 vehicles in December, lower by 4 percent, while global wholesales of its passenger cars were at 8,371 units last month, down by 32 percent over December 2014.