Mahindra and Mahindra has announced that Anand Mahindra, who currently holds the position of Chairman and Managing Director, is being designated as Executive Chairman of the company with Dr Pawan Goenka being elevated to the position of Managing Director. He will continue to report to Anand Mahindra and the Board of the company.
This is in line with the practice followed by companies across the Mahindra Group, where the position of Managing Director or CEO is distinct from that of the Chairman. Anand Mahindra will continue to oversee, and be responsible for shaping, the growth strategies of the company and its portfolio of investments. Anand Mahindra said “Pawan has played a major role in M&M’s meteoric growth in the post liberalisation era. His elevation as MD is a fitting recognition not only of his vast experience and domain knowledge in the mobility space and his many past achievements, but also of the eminent role that he currently plays in the company.”