Tata Motors Ltd. (NYSE: TTM) has appointed former Daimler AG manager Marc Llistosella to become its next chief executive officer and Managing Director.
Marc Llistosella is the former President and CEO of Mitsubishi Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia. Earlier, Llistosella was the MD and CEO of Daimler India Commercial Vehicles Pvt Ltd.
Marc Llistosella, whose appointment will be with effect from July 1, 2021, will succeed Guenter Butschek, a former Airbus SE executive, has been chief executive officer since 2016 and will stay on until June 30. Outgoing CEO and MD Guenter Butschek will relocate to Germany after his contract ends for personal reasons.
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.
Tata Motors had roped in Guenter Butschek, former Airbus Chief Operating Officer as its Managing Director and chief executive of local operations, in 2016, filling up the positions left vacant after the death of Karl Slym in January 2014.
Mr 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.”
Commenting on his appointment Marc 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.”