Maruti Suzuki's COO Marketing & Sales - Mayank Pareek resigns

Reports suggest that Mayank Pareek, the Chief Operating Officer (COO) of Sales and Marketing of Maruti Suzuki, has resigned. He has served the country's largest car maker for a tenure of over two decades while the market share of Maruti Suzuki was at its peak.

Mayank Pareek himself has not confirmed the news of his resignation, however a senior company official confirmed the same. The reasons for his resignation are still uncertain and rumours suggest that he may soon head - Tata Motors.

Three months ago, the company had witnessed the departure of another top level official - Sudam Maitra, COO (supply chain). The launch of Maruti's C-segment sedan - Ciaz is around the corner and the company has already witnessed 2 top level exits.

Source: Economic Times & Live Mint