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Suicide Suspected in Death 0f Indian Auto Chief Suicide Suspected in Death of Indian Auto Chief
(34 minutes later)
BANGKOK — The Thai police said on Monday that they suspected the managing director of Tata Motors, India’s biggest automaker, had committed suicide by jumping from a hotel room in Bangkok.BANGKOK — The Thai police said on Monday that they suspected the managing director of Tata Motors, India’s biggest automaker, had committed suicide by jumping from a hotel room in Bangkok.
The executive, Karl Slym, 51, a British citizen, was in Bangkok to attend a board meeting of the company’s Thailand unit and was staying with his wife on the 22nd floor of the Shangri-La hotel. Hotel workers found his body Sunday morning on the fourth floor, which juts out above lower stories of the complex.The executive, Karl Slym, 51, a British citizen, was in Bangkok to attend a board meeting of the company’s Thailand unit and was staying with his wife on the 22nd floor of the Shangri-La hotel. Hotel workers found his body Sunday morning on the fourth floor, which juts out above lower stories of the complex.
“We didn’t find any sign of a struggle,” said Lt. Somyot Boonyakaew, the police official leading the investigation.“We didn’t find any sign of a struggle,” said Lt. Somyot Boonyakaew, the police official leading the investigation.
“We found a window open,” he said. “The window was very small, so it was not possible that he would have slipped. He would have had to climb through the window to fall out because he was a big man. From my initial investigation, we believe he jumped.”“We found a window open,” he said. “The window was very small, so it was not possible that he would have slipped. He would have had to climb through the window to fall out because he was a big man. From my initial investigation, we believe he jumped.”
Lieutenant Boonyakaew said the police had found a three-page note, written in English to Mr. Slym by his wife. “The wife wrote the note because she wanted her husband to know some personal things,” the lieutenant said after speaking to her. “Yes, they did argue.”Lieutenant Boonyakaew said the police had found a three-page note, written in English to Mr. Slym by his wife. “The wife wrote the note because she wanted her husband to know some personal things,” the lieutenant said after speaking to her. “Yes, they did argue.”
The couple, married for about 30 years, had no children.The couple, married for about 30 years, had no children.
Mr. Slym was leading a turnaround in the company’s domestic operations. Investors, worried about potential delays in the turnaround after his death, sent shares of Tata Motors down about 6 percent.Mr. Slym was leading a turnaround in the company’s domestic operations. Investors, worried about potential delays in the turnaround after his death, sent shares of Tata Motors down about 6 percent.
“He had been given a sort of free hand,” said Deepesh Rathore, director of Emerging Markets Automotive Advisors. “For another professional to step in and enjoy the same confidence, with this same management, is difficult; it will take time.”“He had been given a sort of free hand,” said Deepesh Rathore, director of Emerging Markets Automotive Advisors. “For another professional to step in and enjoy the same confidence, with this same management, is difficult; it will take time.”
Mr. Slym was hired in 2012 to revive Tata’s flagging sales and market share in India, the world’s sixth-largest auto market. Tata Motors is part of the sprawling software-to-steel Tata conglomerate.Mr. Slym was hired in 2012 to revive Tata’s flagging sales and market share in India, the world’s sixth-largest auto market. Tata Motors is part of the sprawling software-to-steel Tata conglomerate.
Mr. Slym led the automaker’s operations in India and markets including South Korea, Thailand and South Africa, but he was not responsible for the Jaguar and Land Rover luxury unit that Tata Motors acquired in 2008.Mr. Slym led the automaker’s operations in India and markets including South Korea, Thailand and South Africa, but he was not responsible for the Jaguar and Land Rover luxury unit that Tata Motors acquired in 2008.