Tata Motors global CEO Carl-Peter Forster steps down Also Read - Tata's JLR to shed 4,500 jobs worldwide amid slumping sales in China, Brexit concerns

Tata Motors Global CEO, Mr. Car-Peter Forster, who joined the Indian carmaker a couple of years back, has announced that he is stepping down from his post. Unavoidable personal circumstances have led to Mr. Forster taking this decision. He will, however, continue working with Tata Motors as a non-executive member of the board. Mr. Prakash Telang, MD of India Operations, and Dr. Ralf Speth, CEO of Jaguar Land Rover, will represent their respective operations on the Board. Also Read - Tata Motors-owned JLR likely to cut jobs in 2019

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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.” 

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.”