The Board of Directors of Mahindra and Mahindra Limited announced that Dr. Anish Shah, presently the Deputy Managing Director and Group Chief Financial Officer, would take over as the Managing Director and Chief Executive Officer, effective April 2.
This follows the top management succession announcement made on December 20, 2019, said a press release.
In November, when Mr. Anand Mahindra transitions to the role of Non-Executive Chairman, Dr. Anish Shah will become the first professional MD and CEO in the history of the Mahindra Group to have a complete oversight of and responsibility for the Mahindra Group businesses.
Dr. Pawan Goenka will retire as the MD and CEO, and Member of the Board of Directors of M&M Ltd effective April 2. In his role as the MD and CEO, he had an oversight of Automobile and Farm Equipment sectors. Mr Rajesh Jejurikar, Executive Director, will take full charge of these sectors and will report to Dr. Shah.