Carl-Peter Forster has ceased to be the group CEO and managing director of Tata Motors with immediate effect.
Mr Forster, who has held the UK-based job since February 2010, has had to step down due to personal circumstances, the Indian-owned carmaker said.
At the request of the Tata board, which owns record-profit making Jaguar Land Rover, Mr Forster will continue to serve the board of Tata Motors Limited as a non-executive director.
India Operations managing director Prakash Telang and Dr. Ralf Speth, CEO of Jaguar Land Rover, will represent their respective operations on the board.
Ratan Tata, chairman of the board of Tata Motors, noted: “The board respects Carl-Peter’s personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group CEO and MD. We are looking forward to continue to working with him as a non-executive member of the Board.”
British-born Forster said: “I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing the thriving global activities of the Tata Motors Group with its main activities in India and the UK and increasingly in additional overseas markets. I am glad to continue my association with Tata Motors.”