Tata Motors on February 12 announced the appointment of Mr Marc Llistosella as Chief Executive Officer and Managing Director of the company, effective July 1 this year.
A press release said Mr Guenter Butschek, the current MD & CEO, has expressed desire to relocate to Germany at the end of the contract for personal reasons. He will continue in this role till June 30, 2021.
Mr 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.
Welcoming Mr Llistosella, Tata Motors Chairman Mr N Chandrasekaran said: “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.”
Commenting on his appointment, Mr 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.”