Tata Motors has announced that its Group Chief Executive Officer and Managing Director, Carl-Peter Forster, has resigned with immediate effect.
However, Forster will continue to serve the Board of Tata Motors as a non-executive member. Prakash Telang, MD of India Operations, and Ralf Speth, CEO of Jaguar Land Rover, will represent their respective operations on the Board.
Ratan Tata, Chairman of the Board of Tata Motors, said, “We would like to thank Forster for his contributions to the successful development of our company in his role as Group CEO and MD.”
Carl-Peter Forster stated, “I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing the global activities of Tata Motors. I am glad to continue my association with the company.”
Carl-Peter Forster was appointed as the Group CEO in February 2010. He had the overall responsibility of Tata Motors Operations globally, including Jaguar Land Rover.
Forster has earlier been a part of Chevrolet, Saab, Vauxhall and Opel. Prior to his stint with GM, he had worked with BMW for 13 years, holding various positions including that of MD of BMW South Africa and as part of the Managing Board of BMW, responsible for manufacturing.
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