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Monday 12 September 2011

Tata Motors Chief Executive Officer Carl-Peter Forster has resigned

Tata Motors Chief Executive Officer Carl-Peter Forster has resigned  only 18 months after joining the company.Forster quit due to unavoidable personal circumstances, but will remain a non-executive member of the Tata Motors board. Forster joined Tata after heading General Motors in Europe on February 2010 , with his focus firmly on turning around the loss-making Jaguar-Land Rover unit, which Tata bought from Ford Motor Co in 2008. Forster succeeded in turning around the luxury unit, but sales of the Nano have been disappointing.

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