Multiple Changes In M&M Management From Next Financial Year

Mahindra & Mahindra has announced major changes in the management board . Anand Mahindra will transition to the role of non-executive chairman from the executive chairman. The change will be come in to effect from 1st April 2020.

Pawan Goenka, Managing Director of the company has been reappointed with the additional charge of CEO, These changes will be effective from 12th November 2021 to 1st April 2021.

Anish Shah will transition into the role of Chief Financial Officer , changes will be effective from 1st April 2020 to 1st April 2021. He will succeed VS Parthasarathy, who is currently the CFO and will be appointed as the MD and CEO at the company for a period of 4 years, changes will come into effect from April 2021.

Rajesh Jejurikar will join the M&M Board as Executive Director (Auto and Farm Sectors), with direct operational responsibility and accountability for the Sectors.  effective from 1st April 2020.

C.P. Gurnani, Managing Director & CEO of Tech Mahindra Ltd. will join the M&M Board as a non-executive Director.

Rajeev Dubey, Group President (HR & Corporate Services) & CEO (After-Market Sector), will retire on 1st April 2020 on reaching the age of superannuation. He will continue to be associated with the Group in a non-executive and advisory capacity.

Ruzbeh Irani will head Group HR & Communications, which includes CSR, Ethics and CIS.

V. S. 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.