Kohler, who took over as Tata Steel Europe's CEO and Managing Director in October 2010, has resigned from the post, effective February 29, 2016, Tata Steel Europe said in a statement.

Fischer will assume the charge of Tata Steel Europe's CEO from March 1, 2016. A former CEO of German engineering giant ThyssenKrupp's Steel Americas, Fischer joined the firm as Chief Technical Officer in July 2012.

Tata Steel board said "Karl Koehler has decided to step down as a director of Tata Steel Ltd and as CEO and Managing Director of Tata Steel Europe so he can take up a senior leadership position with a large privately-owned industrial company in Germany.

He will remain available to Tata Steel for a short period in an advisory capacity, the firm added.

Koehler, a former member of the executive committee of industry body World Steel Association, was Vice Chairman of VDEh, the German Iron and Steel Institute.

During his over 30-year career in steel industry, he has worked as a member of the Executive Board of ThyssenKrupp AG and has also been President of Eurofer or European steel-making federation.

The development comes at a time when Tata Steel announced last month that it will cut 1,050 jobs in the UK, including the country's biggest steel plant, as part of its broader cost-reduction plan amid "unfair" steel imports from China.

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