Tata Motors MD may have killed self: Thai Police
Shock, sadness and mystery surround the sudden and untimely death of Mr Karl Slym, Managing Director of Tata Motors. He was in Bangkok to attend a board meeting when his body was found on a ledge on the fourth floor of the Shangri-La Hotel on Sunday.
Thailand cops suspect suicide by the 51 year old Brit, who was staying in a room on the 22nd floor of the hotel with his wife Sally. Preliminary investigations reveal suicide while authorities will be studying all the evidence which could take a few weeks.
Bangkok police say, no sign of struggle, a small window (which was open) from where it was not possible that Mr Slym could have accidentally slipped as he was a big man and a three page note written by Slym to his wife, all these points strengthens initial investigation result, that the Tata Motors’ MD took his own life.
Slym’s death has stunned everyone in the industry. He was scheduled to return to India on Sunday and his death has left the company in turmoil without anyone at the helm. Slym joined Tata Motors in October 2012 and was instrumental in a host of initiatives to put the company back on track after sharp decline in sales these past few months.
As far as heading Tata Motors is concerned, ET reveals that interim arrangement has been made. Tata Motors will form a committee which will be headed by Tata Group Chairman, Cyrus Mistry and Ravi Kant, the vice-chairman and non-executive director, to manage the company till a new MD is appointed.