Mahindra and Mahindra Limited
(M&M) announced that Anand Mahindra, who currently holds the position of
Chairman and Managing Director, is being designated as Executive Chairman of
the Company with Dr. Pawan Goenka being elevated to the position of Managing
Director. He will continue to report to Anand Mahindra and the Board of the
This is in line with the
practice followed by companies across the Mahindra Group, where the position of
Managing Director or CEO is distinct from that of the Chairman. Mahindra
emphasized that as the Executive Chairman of Mahindra & Mahindra he will
continue to oversee, and be responsible for shaping, the growth strategies of
the Company and its portfolio of investments.
The organisation structures
and processes in M&M and in the Group Corporate Office have already been
aligned with this change over the past one year and there will be no change in
the reporting relationships of the Group Presidents / Presidents who head the
other Sectors / Functions of the Group.
Announcing the appointment,
Mahindra said "Pawan has played a major role in M&M's meteoric growth
in the post liberalization era. His elevation as MD is a fitting recognition
not only of his vast experience and domain knowledge in the mobility space and
his many past achievements, but also of the eminent role that he currently
plays in the Company".
Dr. Goenka joined Mahindra
& Mahindra as General Manager R&D in 1993, after working for General
Motors Corp. in Detroit, USA for 14 years, and was instrumental in growing the
R&D capability of Mahindra and also the launch of the Scorpio SUV. He became President of the Automotive Sector
in 2005, of AFS (Automotive and Farm Equipment Sectors) in 2010 and was
appointed Executive Director on the Board of Mahindra & Mahindra in 2013. Dr. Goenka has been actively involved with many
professional bodies such as CII, SIAM, SAE, ARAI and has been widely acclaimed
for his technical work and business leadership.
Currently he also serves as the Chairman of the Board of Governors of
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