Tata Motors CEO Carl-Peter Forster has stepped down from his position citing ‘unavoidable personal circumstances.’ Forster, who previously headed General Motors Europe’s Opel brand, was CEO of Tata for 18 months and played a key role in helping turn around Jaguar and Land Rover.
“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,” said Forster.
Forster will remain on the Tata Motors board as a non-executive director at the request of Tata Motors chairman Ratan Tata.
“I am glad to continue my association with Tata Motors,” he added.
Who is to replace Forster? No idea yet.
– By: Omar Rana