Board of Mahindra & Mahindra approves key changes in top management

At meeting held on 20 December 2019

The Board of Mahindra & Mahindra at its meeting held on 20 December 2019 has approved the following subject to approval of shareholders of the company -

Transition of Anand Mahindra, Executive Chairman (DIN: 00004695) to the role of Non-Executive Chairman with effect from 15 April, 2020 and his re-designation as a Non-Executive Chairman of the Company with effect from 15 April, 2020;

Re-designation of Dr. Pawan Kumar Goenka (DIN: 00254502), Managing Director of the Company as 'Managing Director and Chief Executive Officer' with effect from 1 April, 2020 till the end of his current term i.e. upto 11 November, 2020;

 

Re-appointment of Dr. Pawan Kumar Goenka (DIN: 00254502), Managing Director of the Company as 'Managing Director and Chief Executive Officer' for a period commencing from 12 November, 2020 to 1 April, 2021 (both days inclusive);

Appointment of Dr. Anish Shah, currently the Group President (Strategy), as the Chief Financial Officer of the Company from 1 April, 2020 to 1 April, 2021 (both days inclusive) in place of V S Parthasarathy who is currently the Chief Financial Officer of the Company and who would be transiting to a new Role from 1 April, 2020

Appointment of Dr. Anish Shah (DIN: 02719429) as an Additional Director of the Company from 15 April, 2020 to hold office up to the date of the next annual general meeting of the company;

Appointment of Dr. Anish Shah (DIN: 02719429) as Whole time Director of the Company designated as 'Deputy Managing Director and Group Chief Financial Officer' from 1 April, 2020 to 1 April, 2021 (both days inclusive);

Appointment of Dr. Anish Shah (DIN: 02719429) as the Managing Director of the Company designated as 'Managing Director and Chief Executive Officer' for a period commencing from 2 April, 2021 to 31 March, 2025 (both days inclusive);

Appointment of Rajesh Jejurikar (DIN: 00046823), currently the President Farm Equipment Sector, as an Additional Director of the Company from 1 April, 2020 to hold office up to the date of the next Annual General Meeting of the Company;

Appointment of Rajesh Jejurikar (DIN: 00046823) as Whole-time Director of the Company designated as 'Executive Director (Automotive and Farm Sectors)' for a period of five years from 1 April, 2020 to 31 March, 2025 (both days inclusive);

Appointment of CP Gurnani (DIN: 00018234) as an Additional Director of the Company from 15 April, 2020 to hold office up to the date of the next Annual General Meeting of the Company. He will be Non-Executive, Non-Independent Director.

Cessation of V S Parthasarathy as the Chief Financial Officer of the Company with effect from 15 April, 2020, on account of his transition to a new role.

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