Anand Mahindra will take on the role of
Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd with effect
from April 1, 2020. Dr. Pawan Goenka
will be re-designated as Managing Director and CEO of the company from the same
date. These new roles were part of the structured and rigorous review of top
management succession, which has now been ratified by the Board of Directors.
the next fifteen months, a number of key leaders at Mahindra & Mahindra
Ltd. will be retiring. Moreover, as part of the guidelines laid down by SEBI, a
slew of changes will be made at Mahindra & Mahindra. As Non-Executive
Chairman, Mahindra will serve as a mentor and sounding board for the Managing
Director on issues to be presented to the Board, especially in the areas of
strategic planning, risk mitigation and external interface.
Pawan Goenka will, however, be retiring on April 1, 2021. Dr. Goenka will
continue to retain direct responsibility of Ssangyong Motors as Chairman of its
Board till his retirement date. Dr.
Anish Shah will transition to becoming Managing Director and CEO on April
02, 2021 with full oversight of all Group businesses, in two phases:
On April 1, 2020, he will join the M&M Board as Deputy Managing Director
and Group CFO, with responsibility for the Group Corporate Office and full
oversight of all business Sectors of the Group other than Auto and Farm Sectors
(AFS). He will have direct accountability to the Board for his non-AFS
On April 2, 2021, he will be appointed as Managing Director and CEO.
April 1, 2020, Rajesh Jejurikar will
join the M&M Board as Executive Director (Auto and Farm Sectors), with
direct operational responsibility and accountability for the Sectors. He will
report to Dr. Goenka for the transition year and then report to Dr. Anish Shah
from April 2, 2021 onwards.
April 1, 2020, C.P. Gurnani,
Managing Director & CEO of Tech Mahindra Ltd. will join the M&M Board
as a non-executive Director.
Dubey, Group President (HR & Corporate Services) & CEO (After-Market
Sector), will retire on April 1, 2020 on reaching the age of superannuation. He
will continue to be associated with the Group in a non-executive and advisory
Ruzbeh Irani will head Group HR &
Communications, which includes CSR, Ethics and CIS. VS Parthasarathy will head the Mobility Services Sector, which is a
new Sector being created by combining the After-Market Sector, Mahindra
Logistics and Auto Mobility Services.
Parthasarathy and Ruzbeh will report to Dr. Anish Shah.
will be further changes, both at the Group Corporate Office and Auto and Farm
Sectors. These changes will be announced on December 23, 2019.