the company announced some major board level changes and other high level
management changes on December 20, 2019, Mahindra & Mahindra has now
announced further leadership changes.
MAHINDRA, DR GOENKA PART OF TOP M&M MANAGEMENT RESTRUCTURING
to these announcements, there will be further changes in the Group Corporate
Office as well as within the Auto and Farm Sectors, effective 01st April 2020.
These are as follows:
per the latest changes, S. Durgashankar will have an enhanced role as Group
Controller of Finance and Accounts. He will work closely with the CFOs of all
Group businesses to ensure appropriate controls and governance and will
continue to oversee Secretarial. He will report to Dr. Anish Shah.
the Auto and Farm Sectors (AFS), Rajan Wadhera will retire and step down from
his executive role as President Auto Sector. Hemant Sikka will Head the Farm
Equipment Sector. Veejay Nakra will be appointed CEO of Auto Division. He will
have operating responsibility for PV and entire CV business with P&L
accountability, except for the Product Development Process. R. Velusamy will be
appointed Chief of Global Product Development (Automotive).
Sahay will be appointed as Chief Purchase Officer of AFS. He was earlier
heading the CV business of the group. Hemant, Veejay, Velusamy and Vinod will
report to Rajesh Jejurikar. Rajeev Goyal will be appointed as CFO of AFS. He
will have dual reporting to Rajesh Jejurikar and Durgashankar.
Tripathi will be the Chief Human Resources Officer for AFS. He will have dual
reporting to Rajesh Jejurikar and Ruzbeh Irani.
Agri business headed by Ashok Sharma will move from AFS and report to S. P.
Shukla, who will also continue to head the Aerospace, Defence & Steel
Sector, reporting to Dr. Anish Shah. These appointments have been finalized
under the guidance of the Governance, Nomination & Remuneration Committee
of the Board, and are designed to maintain continuity in change, while ensuring
a smooth transition and maintaining the highest standards of corporate