Hero MotoCorp Board Reappoints Pawan Munjal as Chairman, Managing Director and Chief Executive Officer

Ludhiana: The Board of Directors at Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, has reappointed Mr.Pawan Munjal as the Chairman, Managing Director & Chief Executive Officer of the Company for a period of five years with effect from 1st of October, 2016. His current tenure comes to an end on 30th of September 2016.
Over the past several years, Mr.PawanMunjal has ledHero 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. 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, Mr. Vikram Kasbekar – Head of Operations & Supply Chain - has been appointed to the Board of Directors of Hero MotoCorp.
Hero MotoCorphas also appointed Ms Neerja Sharma as the Company Secretary and Chief Compliance Officer.
On the occasion of these announcements, Mr. Pawan Munjal, Chairman, Managing Director & Chief Executive Officer, Hero MotoCorp, 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 Neerjademonstrate our commitment to expand our business aggressivelyby attaining new levels of growth, while we continue to maintain the highest standards of governance.”