Sunday 26 January 2014

Tata Motors managing director Karl Slym falls off Bangkok hotel, dies

 Tata Motors managing director Karl Slym died on Sunday after apparently falling from a high floor of a five-star hotel in Bangkok.

Slym, who was scripting a revival strategy for the company, had gone to Thailand to attend a board meeting of the firm's unit there.

A company spokesperson said a postmortem would be carried out on Monday. Details about the accident were sketchy. Bloomberg quoted a company spokeswoman as saying that he fell from the city's Shangri-La hotel, where he was staying,  Slym, 51, a British national, was known to be an affable and highly-focused manager. He was the head of GM's India operations before joining Tata Motors in October 2012. He was the first expatriate and the fourth managing director of the $100 billion Tata Group's flagship company, Tata Motors.

"Karl (Slym) joined us in October 2012, and was a valued colleague who was providing strong leadership at a challenging time for the Indian auto industry. In this hour of grief, our thoughts are with Karl's wife and family," Tata Motors chairman Cyrus P Mistry said in a statement.

Tata Motors has been going through a rough patch particularly as buyers shunned the low-cost Nano after its spectacular debut in March 2009. It's other cars such as the Indica and Indigo too have struggled in a market hit by the economic slowdown. Read more..

Source: Hindi News

From TOI News

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