Monday, November 28, 2022

Tata Motors said CEO Marc Llistosella would not join the company

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Tata Motors says Guenter Butschek will continue as CEO & MD until June 30, 2021. Llistosella was elected to the top post after outgoing CEO and MD Guenter Butschek expressed his desire to move to Germany as his contract expired. reasons.
Marc Llistosella, who will be joining Tata Motors as its CEO and Managing Director from July 1, will not be joining Tata Motors because he cannot move to India for personal reasons at this time. an amazing statement, told the stock exchange
“As stated in our aforementioned letter, Guenter Butschek will continue as CEO & Managing Director until June 30, 2021,” Tata Motors said.

Tata Motors had announced Llistosella’s appointment on February 19. He was appointed to the post after outgoing CEO and MD Guenter Butschek expressed his desire to move to Germany as his contract expires, stating his reasons. He, at the request of the board of Tata Motors, had agreed to continue as CEO and MD until June 30.

Llistosella is a former President and CEO of Fuso Truck with Bus Corporation and Head of Daimler Trucks in Asia. He is currently on the board of Swedish transport company Einride and before that, he had long been associated with Daimler Trucks. He had previously called his appointment “an exciting new chapter”. “Together we will revitalize Tata Motors,” said Llistosella.

Llistosella was the President and Chief Executive Officer of Mitsubishi Fuso Truck and Bus Corporation in 2015-2018, where he worked to improve the profitability and potential sales of the business.

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