Friday, 9 September 2011

Tata Motors Global CEO and MD Carl Peter Forster steps down




TataMotors on Friday announced that its Global CEO, Carl-Peter Forster, has stepped down with immediate effect, due to "unavoidable personal circumstances".

"Carl-Peter 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 as a non-executive member," company said in a statement here.

Prakash Telang, Managing Director of India Operations, and Ralf Speth, CEO of Jaguar Land Rover, will continue to represent their respective operations on the Board, it said.

Carl-Peter 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. I am glad to continue my association with Tata Motors.
Carl Forster began work with Tata Motors in January 2010a nd in his role as Tata Motors global CEO and MD, headed the UK based Jaguar and Land Rover, South Korean commercial vehicle venture, Tata Daewoo Commercial Vehicle Co., Hispano Carrocera SA, the Spanish bus maker, and local operations pertaining to the Indian car market. Before today, there was no public speculation regarding MD Carl-Peter Forster's resignation. Prior to this, Forster was head of General Motors Co., Europe, and MD of BMW AG's South Africa business.

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