Anand Mahindra, the chairman of the homegrown auto group Mahindra & Mahindra, will next year move to a non-executive role as a part of a reshuffle in top management.
He will become non-executive chairman of the company with effect from April 2020, the organisation said in a statement.
In this top management reshuffle, Pawan Goenka, Managing Director, will take over as the MD and CEO of the company with effect from April 1, 2020. He will step down on April 1, 2021, and when Anish Shah will take over as the MD and CEO, the company said in a statement.
“Delighted to announce our leadership transition plan which reflects the group’s commitment to good governance. I am grateful to the board & nominations committee for conducting a diligent & rigorous year-long process that will ensure a seamless transition,” Anand Mahindra said on Twitter.