Hero MotoCorp reappoints Pawan Munjal as CMD and CEO

Hero MotoCorp has reinstated Pawan Munjal as the chairman, managing director and CEO of the company for five years with effect from October 1, 2016. His current tenure comes to an end on September 30, 2016.

“Over the past several years, Pawan Munjal has led Hero MotoCorp in a highly competitive and volatile market, to not just consolidate its market leadership, but also expand its global footprint across continents, in the process emerging as one of India’s foremost business leaders,” said the company’s official statement.

Meanwhile, in a strategic initiative aimed at consolidation of its leadership at home, and acceleration in global expansion, Hero MotoCorp has also further strengthened its senior leadership team. As part of this move, Vikram Kasbekar – head of operations & supply chain – has been appointed to the Board of Directors. The company has also appointed Neerja Sharma as the company secretary and chief compliance officer.  

Pawan Munjal said, “Hero is today a truly global brand with its presence in more than 32 countries spread across Asia, Africa and South and Central America. Over the years, we have set global benchmarks in creating world-class manufacturing and operational facilities to ensure that our products are best in class in terms of design, technology and quality. Good corporate governance has always been the hallmark of Hero MotoCorp. This has become all the more pertinent in recent times and the role of the secretarial function has significantly enhanced. The elevation of Vikram to the Board and the appointment of Neerja demonstrate our commitment to expand our business aggressively by attaining new levels of growth, while we continue to maintain the highest standards of governance.”

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