TATA MOTORS GLOBAL CEO CARL-PETER FORSTER RESIGNS

<div dir="ltr" style="text-align: left;" trbidi="on"><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><a href="http://www.amazon.com/Maisto-81055-24-Lamborghini-Reventon/dp/B001BKLINQ?ie=UTF8&tag=glob036-20&link_code=bil&camp=213689&creative=392969" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="Maisto R/C 1:24 Lamborghini Reventon" height="154" src="http://ws.amazon.com/widgets/q?MarketPlace=US&ServiceVersion=20070822&ID=AsinImage&WS=1&Format=_SL160_&ASIN=B001BKLINQ&tag=glob036-20" width="320" /></a><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><img alt="" border="0" height="1" src="http://www.assoc-amazon.com/e/ir?t=glob036-20&l=bil&camp=213689&creative=392969&o=1&a=B001BKLINQ" style="border: none !important; margin: 0px !important; padding: 0px !important;" width="1" />NEW DELHI (NNN-Bernama) -- Tata Motors Group CEO Carl-Peter Forster stepped down on Friday, citing unavoidable personal reasons, according to Press Trust of India (PTI). </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">In a statement, the homegrown auto company said Forster has ceased to be the Group CEO and Managing Director with immediate effect. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">Forster took over as the head of Tata Motors in January 2010. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">Prior to joining the Tatas, he was head of the General Motors' European operations. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">"I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing Tata Motors," Forster said. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">He will, however, continue to be on the board for a short while as a non-executive member. Prakash Telang, MD India Operations and Ralf Speth, CEO, Jaguar Land Rover, will report to the company board on their respective operations as search for a new head begins. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">"The Board respects Carl-Peter's personal circumstances that led to this move," said Tata group Chairman Ratan Tata. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">"We would like to thank him for his contributions to the successful development of our company." -- NNN-BERNAMA </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><a href="http://www.amazon.com/s/?ie=UTF8&tag=glob036-20&link_code=btl&camp=213689&creative=392969&search-alias=aps&field-keywords=Tata%20Motors" target="_blank">Search Amazon.com for Tata Motors</a><img alt="" border="0" height="1" src="http://www.assoc-amazon.com/e/ir?t=glob036-20&l=btl&camp=213689&creative=392969&o=1&a=" style="border: none !important; margin: 0px !important; padding: 0px !important;" width="1" /></span></div></div>

TATA MOTORS GLOBAL CEO CARL-PETER FORSTER RESIGNS

NEW DELHI (NNN-Bernama) -- Tata Motors Group CEO Carl-Peter Forster stepped down on Friday, citing unavoidable personal reasons, according...

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