For Quick Alerts
For Daily Alerts

M&M Executive Rejig: Anand Mahindra To Step Down As Group Executive Chairman


Mahindra and Mahindra Limited on Thursday informed the stock exchange of its Governance, Nomination and Remuneration Committee's recommendation to a structured and comprehensive succession-planning program to rejig the senior management and board.

M&M Executive Rejig: Anand Mahindra To Step Down As Group Executive Chairman
  • With approval from the board of directors at the meeting held on 20 December, Anand Mahindra will transition to the role of non-executive chairman from executive chairman with effect from 1 April 2020.
  • Dr Pawan Kumar Goenka will be re-designated as Managing Director (MD) and Chief Executive Officer (CEO) from 1 April 2020 to 1 April 2021.
  • Dr Anish Shah, the current Group President (Strategy) will act as the Chief Financial Officer (CFO) of the company and Group and Deputy Managing Director from 1 April 2020 to 1 April 2021. He will be designated as the Managing Director of the Company and Chief Executive Officer from April 2021 to March 2025.
  • Rajesh Jejurikar, the current President (Farm Equipment Sector) will hold the position as a whole-time Director of the company designated as 'Executive Director (Automotive and Farm Sectors)' for a period of five years from 1 April 2020 to 31 March 2025.
  • CP Gurnani will be Non-Executive, Non-Independent Director.
  • Shah, Jejurikar and Gurnani will be appointed as additional directors of Mahindra and Mahindra from 1 April 2020 to the date of the next Annual General Meeting of the Company.
  • V S Parthasarathy will be moved to a new undisclosed role from 1 April 2020.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more