Tata Motors has announced that Marc Llistosella has been appointed as the new Chief Executive Officer and Managing Director of the company. Marc Llistosella will take over the role of CEO and MD from Guenter Butschek effective from July 1, 2021.
Llistosella was the President and CEO of Fuso Truck and Bus Corporation and was also the head of Daimler Trucks in Asia. Before that, he was the MD and CEO of Daimler India Commercial Vehicles Pvt Ltd.
Speaking about his appointment, 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.”
Guenter Butschek has expressed his desire to relocate to Germany at the end of the contract citing personal reasons. He will continue as the MD and CEO of Tata Motors till June 30, 2021.
Commenting on the announcement, N Chandrasekaran, Chairman of Tata Motors, said, “I am delighted to welcome Marc to Tata Motors. 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.”
Chandrasekaran added, “I would like to thank Guenter for leading Tata Motors successfully over the last 5 years.”