Tata Motors has announced that its group chief executive officer, Carl-Peter Forster, resigned with immediate effect, only 18 months after joining the company.
Tata, India's leading maker of trucks and buses, and owner of Jaguar and Land Rover, says Forster resigned due to "unavoidable personal circumstances," but will remain a non-executive member of Tata Motors' board. Forster stated:
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.
Forster's departure comes as Tata Motors continues its lengthy search for a successor to Ratan Tata, who is set to retire soon as chairman of the sprawling conglomerate. Forster joined Tata in February 2010 after leaving Opel, with his focus on turning around the then-struggling Jaguar-Land Rover division. Tata Motors is currently seeking Forster's replacement.
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Tata Motors Global CEO steps down

Tata Motors Limited announces that Mr. Carl-Peter Forster has ceased to be the Group CEO and MD, with immediate effect, due to his unavoidable personal circumstances. However, at the request of the Board, Mr. Forster will continue to serve the Board of Tata Motors Limited as a non-executive member. Mr. Prakash Telang, MD of India Operations, and Dr. Ralf Speth, CEO of Jaguar Land Rover, will represent their respective operations on the Board.

Mr. Ratan N. Tata, Chairman of the Board of Tata Motors, noted: "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."

Mr. 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 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."


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    • 1 Second Ago
  • 6 Comments
      IH Lonestar
      • 3 Years Ago
      I believe Tata is going bankrupt from buying and maintaining Jaguar and Land Rover, as they never really had the money in the first place, they should have never been allowed to buy them. I hope someone like Fiat SPa can take over Jaguar and Land Rover, a company that has proven themselves to be competent and respectful to these historic British marquees.
        Philip
        • 3 Years Ago
        @IH Lonestar
        You have got to be kidding me! Do you know how big Tata company really is? I guess not.
      • 3 Years Ago
      [blocked]
      Hazdaz
      • 3 Years Ago
      "unavoidable personal circumstances" Riiiight. Give it a couple of weeks and maybe we'll find out the REAL reason. Was he pushed out? Didn't like the direction that the company was taking? Foresaw some terrible moves ahead for the carmaker?
        Synthono
        • 3 Years Ago
        @Hazdaz
        When it winds up being some kind of terrible disease you're going to feel like such a jerk.
      Dude
      • 3 Years Ago
      Outsourced!