Zigwheels Home

Tata Motors global CEO Carl-Peter Forster quits

by TNN Posted on 11 Sep 20119,997 Views Comments

Homegrown auto major Tata Motors today said its Group CEO and Managing Director Carl-Peter Forster has quit due to "unavoidable personal reasons".

 


Carl-Peter Forster (right) with Ratan Tata at the recent commemoration of the Jaguar E-Type at the 2011 Geneva Motor Show

 

In a statement, the company said Forster has ceased to be the Group CEO and Managing Director with immediate effect, due to his unavoidable personal circumstances.

"However, at the request of the board, Forster will continue to serve the Board of Tata Motors Ltd as a non- executive member," it said.

Post his exit, Prakash Telang, MD of India Operations, and Ralf Speth, CEO of Jaguar Land Rover, will represent their respective operations on the Board, the statement added.

Commenting on the development, Tata Motors Chairman of the Board Ratan Tata, said: "The board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group CEO and MD".

"We are looking forward to continue to working with him as a non-executive member of the Board."

On his exit from the company, Forster said: "I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing the thriving global activities of the Tata Motors Group with its main activities in India and the UK and increasingly in additional overseas markets".

A former head of General Motors, Europe, Forster had joined Tata Motors as the Group Chief Executive Officer of the company in February, 2010.

A veteran of the auto industry, he had also worked with BMW where he held various positions, including that of Managing Director of BMW South Africa and was also on the Managing Board of BMW responsible for manufacturing.

His exit comes at a time when Tata Motors is facing declining sales both in domestic and international markets, mainly in the passenger vehicles segment as the auto industry grapples to overcome slowdown.

The company's domestic cumulative sales in the April- August period of this fiscal declined by 21 per cent to 99,129 units as against 1,25,311 units in the same period last fiscal.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are, however up 17 per cent at 1,96,887 units.

Post Your Comment

Do you like this story?

Tata Motors appoints new distributor in Russia

by Punam Chavan

The Indian automaker has appointed TML Truck Rus...

Tata Zest bookings commence

by Anand Mohan

Tata Motors has started accepting bookings for...

Tata Motors begins testing new 'Kite'

by Cyrus Dhabhar

The 'Kite' will essentially be the new...


 
SPECIAL COVERAGE

Honda Mobilio: Special Coverage

Honda makes its entry into the MPV segment with the Mobilio. This 7-seater will be offered with two...

2014 Toyota Corolla Altis: Special Coverage

The 2014 Toyota Corolla Altis, in its 11th generation, has been launched in India starting at Rs...

 

Read Next Story