Board of Directors of Mahindra and Mahindra Limited announced that Dr. Anish
Shah presently the Deputy Managing Director and Group Chief Financial Officer
would take over as the Managing Director and Chief Executive Officer, effective
April 2, 2021.
follows the top management succession announcement dated December 20, 2019. In
November, when Anand Mahindra transitions to the role of Non-Executive
Chairman, Dr. Anish Shah will become the first professional MD and CEO in the
history of the Mahindra Group to have a complete oversight of and
responsibility for the Mahindra Group businesses.
Pawan Goenka will retire as the MD and CEO, and Member of the Board of
Directors of M&M Ltd effective April 2, 2021. In his role as the MD and
CEO, he had an oversight of Automobile and Farm Equipment sectors. Rajesh
Jejurikar, Executive Director will take full charge of these sectors and will
report to Dr. Shah.
Mahindra, Chairman Mahindra Group, said, “On behalf of the Board, I salute the
work accomplished by Pawan throughout his twenty-seven years career in the
company, which has resulted in its strong growth. My gratitude to him for
making the transition as smooth and seamless as possible throughout the last
further said, “One of the reasons we had succeeded and thrived over the past 75
years was that we were good at introducing change in the right measure at the
right time. Anish is the right leader for the Mahindra Group. As the MD and
CEO, he will have a complete oversight of all Mahindra Group businesses
including our Global operations, the transformation agenda and, synergizing and
driving several strategic programs. Anish embodies the spirit of Rise and
brings an exceptional leadership track record, strong international exposure
and a unique ability to forge long-standing relationships with our customers,
partners and our employees. I believe that there is no better person to lead
Mahindra into the future.”
on his appointment, Dr. Anish Shah said, “I am humbled and deeply honored to
lead the Mahindra Group, an extraordinary organisation whose real wealth lies
in its people who embody its core values and live its purpose every day. I look
forward to working closely with Anand and all my colleagues to write a new
chapter of growth and to drive positive change in the lives of our stakeholders
to enable them to Rise.”
Anish Shah is currently the Deputy Managing Director and Group CFO for the
Mahindra Group. He joined Mahindra in 2015 as the Group President -Strategy,
where he led strategy development; built capabilities such as digitisation and data
sciences; enabled synergies across Group companies and managed the Risk and
performance review organisations. Prior to joining Mahindra, Anish was
President and CEO of GE Capital India, where he led the transformation of the
business, including a turnaround of its SBI Card joint venture. His career at
GE spanned 14 years, during which he held several leadership positions at GE
Capital’s US and global units. He also has diverse experience with global
businesses beyond GE. He led Bank of America's US Debit Products business. He
started his career with Citibank in Mumbai before moving to Boston with Bain
& Company as a strategy consultant.
received a Ph.D from Carnegie Mellon’s Tepper School of Business, a Masters degree from Carnegie Mellon and a post-graduate
diploma in Management from the Indian Institute of Management, Ahmedabad.
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