Mahindra & Mahindra Ltd (M&M) executive chairman Anand Mahindra will be taking on the role of non-executive chairman after steeping down as Group Chairman from April 1, 2020.
According to the reports, current managing director of M&M will be promoted as managing director and Chief Executive Officer with effect from 1 April, 2020 till the end of his current term up to 11 November 2020.
However, Goenka will be reappointed from 12 November, 2020 to 1 April, 2021.
Among other management changes, Anish Shah has been appointed as chief financial officer (CFO) till April 2021. After April 2, 2021, he would replace Goenka to assume charge as the MD and CEO of the company for a four-year period. His term will end 31 March, 2025.
CP Gurnani will be an additional director from 15 April 2020 till the company’s next AGM after which he will become Non-Executive, Non-Independent Director.