Pawan Munjal has been appointed as the new Chairman of Hero MotoCorp. The company’s Board on June 1, 2015 unanimously approved his appointment as the Chairman, Managing Director & CEO of Hero MotoCorp.
The Board took up this matter during its meeting as per the desire expressed by Dr. Brijmohan Lall to relinquish his duties as the Executive Chairman of the company. While accepting his offer, the Board requested him to continue to be the guide and mentor of the company in the form of Chairman Emeritus, which he accepted. Dr. Brijmohan Lall will continue to be part of the Board as a non-executive Director.
Dr. Brijmohan Lall has been the Chairman of Hero MotoCorp since its inception in 1984.
With this transition, the top leadership succession plan, which was initiated in August last year with the elevation of Pawan Munjal as Vice Chairman, has come to its logical conclusion.
Source: Hero MotoCorp
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