Auto major Tata Motors Ltd on Friday has appointed Marc Llistosella as the new chief executive officer and managing director of the company with effect from July 1, 2021.
Llistosella succeeds Guenter Butschek, who has informed his desire to relocate to Germany at the end of the contract for personal reasons. Butschek will continue as the MD and CEO till June 30, 2021.
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."
N Chandrasekaran, chairman, Tata Motors Limited 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."
Llisotsella is an experienced automotive executive with a long track record in greenfield projects, turnaround management and leading organizations as CEO and managing director. He passionately believes in mobility by data analytics, the importance of electrification and renewable energies. He is currently the board member of Einride and prior to that he was associated for a long time with Daimler Trucks.
Most recently, he was the President and CEO of Mitsubishi Fuso Truck and Bus Corporation between 2015-2018 where he worked on improving the profitability and sales potential of the business.
Prior to that, between 2008-2014 for an extended period he was based out of India as the managing director and CEO of Daimler Commercial Vehicles India where he built a greenfield organization and business unit to develop, produce and sell trucks and launched BharatBenz in 2012 and made it a successful brand in a short period of time.
Llisotsella has extensive experience in leading business and running sales, marketing and network management as well as strategic planning. He finished his university education from the University of Cologne and is an accomplished automotive executive.
(Edited by : Jomy)
First Published: Feb 12, 2021 9:51 PM IST
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