Tata Motors Names Marc Llistosella As New MD, CEO
Llistosella's appointment will be with effect from July 1, 2021.
Tata Motors Ltd. said it has appointed Marc Llistosella as its managing director and chief executive officer.
He is the former president and CEO of Fuso Truck and Bus Corp. and head of Daimler Trucks in Asia.
Llistosella, whose appointment will be with effect from July 1, 2021, will succeed Guenter Butschek, who has expressed his desire to relocate to Germany at the end of the contract for personal reasons, Tata Motors said in a regulatory filing.
"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," Tata Motors Chairman N Chandrasekaran said.
Marc will bring this experience to take the Tata Motors' Indian business to even greater heights, he added.
Commenting on his appointment Llistosella said, "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".
Butschek, on the request of Tata Motors board, has agreed to continue as CEO and MD till June 30, 2021, the auto major said.
Llistosella is currently on the board of Swedish transport company Einride and prior to that, he was associated for a long time with Daimler Trucks.
He was the President and CEO of Mitsubishi Fuso Truck and Bus Corp. during 2015-2018, where he worked on improving the profitability and sales potential of the business.
In 2008-2014, he was based out of India as the Managing Director and CEO of Daimler Commercial Vehicles India, where he built a greenfield organisation 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.