Mahindra - new leadership team announced

Mahindra has restructured its businesses with the introduction of a new vertical - the agriculture sector. As a result, the company will now deal in three different and dedicated sectors - automotive, farm equipment and agriculture.

The group has also announced new heads for the three sectors. Mr. Rajan Wadhera has been named the president of Mahindra's automotive sector. He will take charge from the current president and CEO - Mr. Pravin Shah. Mr. Shah is scheduled to retire from his role on March 31, 2017. In addition to its passenger car division, the automotive sector will also include Mahindra's trucks, buses and construction equipment businesses.

Mr. Rajesh Jejurikar has been re-designated as the President of the farm equipment sector, while Mr. Ashok Sharma will be heading the agriculture sector. All the three presidents will be reporting to Dr. Pawan Goenka. The aforementioned organizational changes will be applicable from April 1, 2017.

Dr. Pawan Goenka was recently named the Managing Director of Mahindra, while Mr. Anand Mahindra was named the Executive Chairman of the company.