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MACHINIST - Carl-Peter Forster, Tata Motor's group CEO and MD steps down

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Home arrow News arrow Automotive arrow Carl-Peter Forster, Tata Motor's group CEO and MD steps down

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Carl-Peter Forster, Tata Motor's group CEO and MD steps down
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Written by Vijay   
Wednesday, 14 September 2011

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Mumbai: Tata Motors' Group CEO and Managing Director Carl-Peter Forster has quit due to "unavoidable personal circumstances." The company announced that Forster has ceased to be the group CEO and MD, with immediate effect. "However, at the request of the board of directors, Mr Forster will continue to serve the board of Tata Motors as a non-executive member," the company said in a statement.

Prakash Telang, MD, India operations, and Ralf Speth, CEO, Jaguar Land Rover, will represent their respective operations on the board.

"The board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as group CEO and MD. We are looking forward to continue to working with him as a non-executive member of the board," said Ratan Tata, Chairman, Tata Sons and Tata Motors.

Forster had joined Tata Motors as the Group Chief Executive Officer of the company in February, 2010. He was earlier heading General Motors, Europe. He has also worked with BMW where he held various positions, including that of Managing Director of BMW South Africa and was also on the Managing Board of BMW responsible for manufacturing.

"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," said Forster.

 
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