Mahindra & Mahindra announces change in top management

For Group Corporate Office and Auto & Farm sectors

Mahindra & Mahindra announced further changes in the Group Corporate Office as well as within the Auto and Farm Sectors, effective 01 April 2020. These are as follows:

Group Corporate Office (GCO):

S. Durgashankar will have an enhanced role as Group Controller of Finance and Accounts. He will work closely with the CFOs of all Group businesses to ensure appropriate controls and governance and will continue to oversee Secretarial. He will report to Dr. Anish Shah, who will join the M&M Board on 1 April 2020 as Deputy MD and Group CFO.

Auto and Farm Sectors (AFS):

Rajan Wadhera will retire and step down from his executive role as President Auto Sector.

Hemant Sikka will Head the Farm Equipment Sector.

Veejay Nakra will be appointed CEO of Auto Division. He will have operating responsibility for PV and entire CV business with P&L accountability, except for the Product Development Process.

R. Velusamy will be appointed Chief of Global Product Development (Automotive).

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