Tata Motors ropes in Guenter Butschek as CEO & MD

Tata Motors Ltd, the country’s largest automaker by revenue, has hired Guenter Butschek as chief executive officer (CEO) and managing director (MD) of the company, according to a statement.

His appointment is effective from Feb 15, 2016 and will also become a member of the board.

In his role as MD, Butschek will lead all operations of Tata Motors in India as well as international markets including South Korea, Thailand, Indonesia and South Africa.

However, Jaguar Land Rover, the business which comprises two iconic British brands, would continue to be managed by its CEO and director Ralf Speth, who is also on the board of Tata Motors.

55-years old Butschek will be joining Tata Motors from Airbus Group where he was a COO and member of the group executive committee. Before Airbus, he associated with Daimler AG.

“Tata Motors is going through an exciting yet challenging phase and Butschek’s appointment comes at an opportune moment. He brings with him rich global experience of growing organizations and developing new markets. I am confident that Mr Butschek’s ability to lead high performing teams will enable our company to achieve sustainable, profitable growth,” said Cyrus P. Mistry, chairman, Tata Motors.

Butschek holds a bachelors degree in business administration and economics with a diploma from the University of Cooperative Education Stuttgart, Germany.

Tata Motors, India’s largest commercial vehicle maker, reported a consolidated revenues of rs 2,62,796 crore revenue in the FY 2014-15.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.