Tata Motors has stated that Marc Llistosella,who was supposed to join the company as its new CEO and Managing Director, is not taking the leadership position since he is not able to relocate to India for personal reasons.
Tata says Marc Llistosella is not able to relocate to India for personal reasons at this point of time
After heading Tata Motors for the past 5 years and being at the forefront of its transformation, Guenter Butschek had informed his desire to relocate to Germany at the end of the contract for personal reasons. At the moment, the home-grown automaker has made no announcements regarding who will be replacing Butschek now that Marc Llistosella is not stepping in.
Marc Llistosella seemed like the right replacement for Butschek given this experience as the President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia. Earlier, he was also the MD and CEO of Daimler India Commercial Vehicles Pvt Ltd. Llistosella also had extensive experience in leading business and running sales, marketing and network management as well as strategic planning.