Marc Llistosella, a veteran in the automotive industry, has been announced as the Chief Executive Officer and Managing Director of Tata Motors. His appointment will be effetive July 2021.
Welcoming him, Chandrasekaran, Chairman, Tata Motors Limited said: “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.”
Chandrasekaran added: “Marc will bring this experience to take the Tata Motors Indian business to even greater heights.”
Llistosella stated, “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.”
Llistosella was most recently the President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia. He was earlier the MD and CEO of Daimler India Commercial Vehicles Pvt Ltd.
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According to Tata Motors, Guenter Butschek has informed his desire to relocate to Germany at the end of the contract for personal reasons.
He has accepted the request of the Board of Tata Motors to continue as the MD and CEO till 30 June 2021.
Chandrasekaran said: “I would like to thank Guenter for leading Tata Motors successfully over the last five years.”
Know new CEO
An experienced automotive executive with a long track record in greenfield projects, turnaround management and leading organizations as CEO and managing director, Marc passionately believes in mobility by data analytics, the importance of electrification and renewable energies.
At present, he is the Board Member of Einride and before that he was associated for a long time with Daimler Trucks.
When he was the President and CEO of Mitsubishi Fuso Truck and Bus Corporation between 2015-2018, he worked on improving the profitability and sales potential of the business.
(With inputs from Automotive Lead Research Team)
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