title – Tata CEO Forster steps down after only 18 months

summ - Tata CEO Forster steps down after only 18 months

Tata Motors has announced that its group chief executive officer, Carl-Peter Forster, resigned with immediate effect, only 18 months after joining the company.

Tata, India’s leading maker of trucks and buses, and owner of Jaguar and Land Rover, says Forster resigned due to “unavoidable personal circumstances,” but will remain a non-executive member of Tata Motors’ board. Forster stated:

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.

Forster’s departure comes as Tata Motors continues its lengthy search for a successor to Ratan Tata, who is set to retire soon as chairman of the sprawling conglomerate. Forster joined Tata in February 2010 after leaving Opel, with his focus on turning around the then-struggling Jaguar-Land Rover division. Tata Motors is currently seeking Forster’s replacement.