Tata Motors names new CEO & MD

Tata Motors Limited has announced Marc Llistosella as the new Chief Executive Officer and Managing Director of the company effective July 1, 2021. He will take over from the current incumbent Guenter Butschek, who has preferred to relocate to Germany, his native place.

Tata Group Chairman N Chandrasekaran, who also presides as the Chairman of Tata Motors Limited, said, “I am delighted to welcome Marc to Tata Motors. Marc is an experienced automotive business leader with deep knowledge and expertise in commercial vehicles over his illustrious career and has extensive operational experience in India. Marc will bring this experience to take the Tata Motors Indian business to even greater heights."

Llistosella was most recently the President and CEO of Fuso Truck and Bus Corporation and head of Daimler Trucks in Asia. He was earlier the MD and CEO of Daimler India Commercial Vehicles Pvt Ltd.

On his appointment, Llistosella said,"I am delighted to become a part of the unique Tata family. Having been bonded to India for so many years, a new exciting chapter is now opened. We would jointly awaken the potential of Tata Motors.”

As per a company statement, the current MD and CEO Guenter Butschek, who led Tata Motors over the last five years, has informed his desire to relocate to Germany at the end of his contract for personal reasons. He has accepted the request of the Board of Tata Motors to continue as the MD and CEO till June 30, 2021.