Sharma has become the first Indian to be appointed as Executive Officer, Panasonic Corporation, the company said in a statement.
He joined Panasonic in 2008.
Daizo Ito, previously President of Panasonic India, has been elevated to the role of Managing Executive Officer, Panasonic Corporation and Chairman of the Panasonic India and Regional Head of ISAMEA region.
Sharma as the President and CEO of Panasonic India and South Asia will preside over operations of Panasonic in India including group and sister companies and the group support operations.
Sharma will continue to report to Daizo Ito.
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