News: Ashok Leyland MD and CEO Vinod Dasari resigns

Leadership

Ashok Leyland MD and CEO Vinod Dasari resigns

Dasari will continue to work in his current position until 31 March 2019 to ensure a smooth transition.
Ashok Leyland MD and CEO Vinod Dasari resigns

Ashok Leyland this week announced the resignation of its managing director and chief executive Vinod K. Dasari effective 31 March 2019.

The Chennai-based heavy truck maker which is a Hinduja group flagship firm said in a statement, “After a successful stint of almost 14 years with Ashok Leyland, first as a chief operating officer (COO) and then as CEO and MD, Mr. Vinod K. Dasari has decided to pursue his personal interests and seek new learning.”

Dasari will continue to work in his current position until 31 March 2019 to ensure a smooth transition, the company added. Chairman Dheeraj G Hinduja will step in as executive chairman with immediate effect to assist in “business continuity and a seamless transition”. 

Dheeraj stated, “I would like to place on record the contribution of Mr. Dasari in making Ashok Leyland a formidable force in the industry. He along with his leadership team steered the company to ensure significant all-round performance.”

The nominations and remuneration committee of the board will meet shortly to decide the future course of action in identifying the next CEO and MD.

Dasari said of his move, “My decision to leave is purely personal as I wish to pursue my personal interests and continue my learning journey. Fourteen years in this great company has been an incredible experience. There were many challenges along the way, but the continuous support of the Board and a committed team helped the company achieve many laurels and set industry benchmarks. I consider it an honor and privilege to have led this great organization over the last few years.”

Dasari was instrumental in recognizing the need for truckers to carry higher payloads and created the 37-tonne-segment. Under his aegis, Ashok Leyland also laid greater emphasis on the fast-growing light commercial vehicle segment.

Image Credits: Livemint

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Topics: Leadership, #Movements

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