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Michael Perschke leaves Pininfarina, Per Svantesson to replace him

Press Trust of India  |  New Delhi 

Mahindra and Mahindra (M&M) on Thursday said Michael Perschke has resigned as MD and CEO of its group firm Automobili Pininfarina.

Per Svantesson will take Perschke's role with immediate effect, as an interim arrangement, M&M said in a statement.

"Perschke has decided to leave his position as Managing Director and CEO of Automobili Pininfarina GmbH. His last day with the company will be March 25, 2020," M&M Managing Director and Automobile Pininfarina Chairman Pawan Goenka said.

Perschke had joined the company on July 1, 2018.

"He (Perschke) can look back on an impressive success story in developing a disruptive product and founding this organisation," he said.

On appointment of Svantesson, Goenka said he will work under the guidance of the company's board. The Mahindra Group had acquired Italy-based Pininfarina in late 2015 for an overall outgo of over 50 million euros after months of negotiations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 13:22 IST
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