Carl-Peter Forster to take over as Tata Motors` MD & CEO

Tata Motors has appointed Carl-Peter Forster as its new managing director (MD) and group CEO with effect from Apr. 1, 2010.

This is in continuation of the announcement on Feb. 15, 2010 of the appointment of Forster as the group CEO, with overall responsibility of Tata Motors` operations globally, including Jaguar and Land Rover.

Shares of the company gained Rs 16.65, or 2.25%, to settle at Rs 756.30. The total volume of shares traded was 837,961 at the BSE (Tuesday).

Source Indiacar.com Source : Myiris.com (3/31/2010)