Thai police say Tata exec killed himself
Print Edition
Karl Slym, managing director of India’s Tata Motors Ltd, died after falling from a hotel room in Bangkok in what police said yesterday could be possible suicide.
Slym, 51, had attended a board meeting of Tata Motors’ Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.
“We didn’t find any sign of a struggle,” said police Lieutenant Somyot Boonyakaew, who is heading the investigation.
“We found a window open. 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.”
The police found a three-page note, written in English, which they were translating into Thai. An autopsy on Slym’s body was conducted yesterday, the police said, without giving any details.
A spokeswoman for Tata Motors, India’s biggest automaker, declined to comment on the possible cause of Slym’s death. A company statement on Sunday said Slym had provided leadership in a challenging market environment.
Slym was driving a turnaround in the company’s domestic operations. Investors worried about potential delays to these plans sent shares in Tata Motors down as much as 6.7 percent yesterday in a broader market that fell over 2 percent. The stock ended 6 percent lower.
“He had been given a sort of free hand. For another professional to step in and enjoy the same confidence, with this same management, is difficult, it will take time,” said Deepesh Rathore, director of Emerging Markets Automotive Advisors, based in Gurgaon, India.
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