Anand Mahindra to step down as Mahindra Group Chairman

Anand Mahindra will step down as Mahindra Group Chairman and will be re-appointed as non-executive chairman from April 1, 2020.

Anand Mahindra will serve as a mentor and sounding board for the Managing Director, in areas of strategic planning, risk mitigation and external interface.

Dr. Pawan Goenka will be re-appointed as Managing Director and CEO with effect from April 1, 2020. He will remain the Chairman of the Board of Ssangyong Motors till the time he retires on April 1, 2021.

Dr. Anish Shah will take charge as the Deputy Managing Director and Group CFO on April 1, 2020. He will become the Managing Director and CEO on April 2, 2021.

On April 1, 2020, Rajesh Jejurikar will join the M&M Board as Executive Director (Auto and Farm Sectors). C.P. Gurnani, MD & CEO of Tech Mahindra Ltd. will join the M&M Board as non-executive Director and Rajeev Dubey, Group President (HR & Corporate Services) & CEO (After-Market Sector) will retire on the same date.

Post April 1, 2020, Ruzbeh Irani will head Group HR & Communications, which includes CSR, Ethics and CIS, while V. S. Parthasarathy will head the Mobility Services Sector, which will combine the After-Market Sector, Mahindra Logistics and Auto Mobility Services.