May 12, 2021

Tata Motors’ CEO-designate Marc Llistosella will not be a part of the corporate

Marc Llistosella, whose appointment as the following managing director and chief govt of was introduced a month in the past, is not going to be taking on the job, the automaker stated on Friday, in a press release that took the trade abruptly.

It isn’t instantly clear whether or not Llistosella backed out or Tata Motors withdrew its supply. The Mumbai-based firm, identified for the Harrier and Safari vary of utility autos, declined to share extra particulars.

Guenter Butschek, the corporate’s present MD and CEO, will proceed in his function till June 30. Tata Motors is but to call his alternative.

Llistosella is at present a board member at Swedish transport firm Einride, which specialises in electrical and self-driving autos. Earlier than that, he was with Daimler till 2018. He has served a stint in India throughout 2008-14 as MD and CEO of Daimler India Industrial Autos.

Llistosella had earlier stated he was trying ahead to his new stint at Tata Motors.

Powerful Activity to Discover Alternative

“A brand new thrilling chapter is now opened. We’d collectively awaken the potential of Tata Motors,” Llistosella stated in February.

Will probably be a troublesome process for Tata Motors to safe Llistosella’s alternative at the same time as Butschek determined to increase his time period till the top of June. “It could have to start out the search course of as soon as once more,” stated a senior trade govt.

This might imply that Tata Motors could also be and not using a CEO after June 30 — the third time previously 10 years — except it rapidly finds a alternative. Earlier than bringing Butschek on board, Tata Motors was with out an MD and CEO for 2 years, 2014-16, after Karl Slym’s sudden demise. It was additionally and not using a chief govt for 10 months in 2012, after the retirement of Prakash Telang.