Mahindra Group reshuffles key leadership roles

The $25 billion Mahindra Group Monday introduced a reshuffle of management roles at its logistics, automotive, and farm tools companies as a part of a plan to advertise inside expertise with confirmed observe document for additional accelerating development within the conglomerate.

“These management adjustments be certain that now we have robust, confirmed leaders on the helm of our key companies. Their expertise will allow us to drive vital development and create larger worth for our clients and shareholders,” Anish Shah, MD and CEO, Mahindra Group, mentioned in an announcement.

As a part of the adjustments, Hemant Sikka, president of the farm tools sector (FES), will turn into the brand new MD & CEO of Mahindra Logistics. Sikka replaces Ram Swaminathan, who determined to step down from his present function to pursue different skilled pursuits.

“Sikka is one in every of our prime leaders and brings with him a strong mixture of strategic abilities, operational rigour, buyer centricity and other people management capabilities,” the corporate mentioned.

Veejay Nakra, president, automotive division, has been appointed as the brand new president of the farm tools enterprise. Nakra joined M&M in 1995, and has been instrumental in making a turnaround of the auto enterprise with profitable launches, whereas constructing world class manufacturing functionality.

R Velusamy, president, automotive expertise and product improvement, will take cost as president of Mahindra’s automotive enterprise. He joined M&M in 1996, enjoying a key function in creating powertrains and the profitable launches of a number of inside combustion engine (ICE) flagship merchandise and Mahindra’s electrical car portfolio. Each Nakra and Veluswamy will proceed to report back to Rajesh Jejurikar, government director — farm tools and automotive sectors at Mahindra. Velusamy will bear an in depth enterprise assimilation plan beginning Might 5, assuming cost subsequent January. Mahindra additionally plans to combine the SUV and LCV (lower than 3.5 tonne) enterprise, underneath one chief. “This is able to assist construct larger agility and collaboration, each in engineering our merchandise and taking them to market. The function would have end-to-end accountability of all capabilities throughout the auto enterprise with revenue and loss supply,” it mentioned. The corporate additionally plans to maneuver out the agri and the Powerol (engine) companies from the farm tools enterprise.