Tata Motors' board to decide on new MD in few days

Tata Motors' board is expected to appoint the new managing director in a few days time following the demise of of Karl Slym, who died yesterday after falling from the 22nd floor of a five-star hotel in Bangkok.

"We will issue a statement once the board takes a decision in the next few days," a company spokesperson said when asked who would carry out the responsibilities of the managing director.

According to reports, Slym, 51, died after falling from a high floor of the hotel in Yannawa district, Bangkok. He had gone to attend a board meeting of the company's Thailand arm.

He had joined Tata Motors as the managing director in 2012 and led the company's operations in India and global markets, excluding Jaguar and Land Rover business.

Condoling his demise, Assocham Secretary General D S Rawat said, the untimely death is not only a loss to the Tatas but to the entire Indian automotive industry.

Slym strongly believed that the revival of the automotive industry at this critical juncture essentially requires synergistic efforts by all stakeholders, Rawat added.

Slym was also the first chairperson of the Assocham Automotive Council.

In a separate statement, Harish Lakshman, Automotive Component Manufacturers Association of India (ACMA) President, said: "It is indeed very unfortunate that the automotive industry has lost a distinguished leader. His loss comes at a juncture when the industry needed him the most."

EDITORIAL OF THE DAY

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture