The Mahindra Group has announced a slew of top management over the next fifteen months as a number of key leaders at Mahindra & Mahindra Ltd. will be retiring. Consequently, Rajeev Dubey, Group President (HR & Corporate Services) & CEO (After-Market Sector), will retire on 1st April 2020 on reaching the age of superannuation. He will continue to be associated with the Group in a non-executive and advisory capacity.
Meanwhile, Ruzbeh Irani will head Group HR & Communications, which includes CSR, Ethics and CIS. In addition, V. S. Parthasarathy will head the Mobility Services Sector, which is a new Sector being created by combining the After-Market Sector, Mahindra Logistics and Auto Mobility Services.
Ruzbeh joined the Mahindra Group in 2007, as Executive Vice President – Corporate Strategy, heading the Group’s Strategy function. He subsequently also became the Chief Brand Officer of the Group, during which time he spearheaded Mahindra’s entry into racing, and led the development of the Group’s brand position and core purpose, ‘Rise’. He then moved onto head International Operations for the Automotive and Farm Equipment Sectors of M&M.
Since April 2015, Ruzbeh has been leading the Corporate Brand, Communications, PR, Ethics, Racing and Culture functions of the Mahindra Group, as President (Group Communications & Ethics) & Chief Brand Officer. Ruzbeh is a member of Mahindra’s Group Executive Board.
Both Parthasarathy and Ruzbeh will report to Dr. Anish Shah.
Announcing these changes, Anand Mahindra (Chairman, Mahindra Group) said “This plan reflects M&M’s depth of management talent and will ensure continuity in terms of culture, values, governance and operational effectiveness. In my new role, I see myself as the conscience keeper of the Mahindra Group, as the custodian of its values and the watchdog of the interests of its shareholders. Internal audit will continue to report to me. I will continue to exercise oversight through the Board."
The changes are in keeping with the pursuance of the highest standards of corporate governance, as a result of which the Governance, Nomination & Remuneration Committee (GNRC) of the Board has completed a structured and rigorous review of top management succession, which has now been ratified by the Board of Directors. The changes follow a slew of other such top management changes announced a few days ago, most notable being Anand Mahindra transitioning to the role of non-executive chairman from the position of executive chairman, effective from 1st April 2020.