Corporate Sep 13, 2012
Tata Motors today said Karl Slym, who was slated to take over as the company's Managing Director from October 1, has taken up the assignment ahead of schedule.
"...as agreed with Slym and on the necessary formalities having been completed, Karl Slym has joined the company," Tata Motors said in a filing to the BSE. On August 14, Tata Motors had announced the appointment of Slym, the former General Motors India President, as Managing Director with effect from October 1, 2012.
As per the announcement, Slym will lead all operations of Tata Motors in India and international markets, including South Korea, Thailand, Spain, Indonesia and South Africa. However, Tata Motors' British subsidiary Jaguar Land Rover will continue to be managed independently.
Prior to his appointment, Slym has been the Executive Vice-President and Board Member SGMW Motors, a three way joint venture China's SAIC Motor Corporation Ltd and Liuzhou Wuling Motors Co Ltd and General Motors.
Slym has the experience of working in India when he was the President and Managing Director of General Motors India. The post of MD at Tata Motors has been lying vacant since the retirement of P M Telang on June 21.
In the interim the company's overall responsibility was taken care of by an interim committee comprising its Chairman Ratan Tata and Vice-Chairman Ravi Kant.
Tata Motors shares today closed 1.41 percent down at Rs 259.10 apiece on BSE.
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