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Niranjan Gupta has decided to pursue other opportunities and is stepping down from his role as chief executive officer
Vikram Kasbekar, who is the executive director of operations, will take over as acting chief executive officer from May 1
Besides Gupta’s exit, Hero MotoCorp has also announced a few other leadership changes
Hero MotoCorp chief executive Niranjan Gupta will resign on April 30, the auto giant informed the exchanges today (February 1).
“Niranjan Gupta has decided to pursue other opportunities and is stepping down from his role as chief executive officer,” Hero MotoCorp said in a regulatory filing.
Vikram Kasbekar, who is the executive director of operations, will take over as acting chief executive officer from May 1.
Based on his LinkedIn profile, Gupta has been with the company since April 2017. He served as the chief financial officer for more than six years before taking over as the CEO. He has been with Hero MotoCorp for nearly eight years.
Gupta handled various leadership roles for about 25 years across FMCG, mining, automobile industries in Indian and overseas markets. He has worked with brands such as Vedanta Resources, Unilever and Hindustan Unilever Limited.
“Gupta has strengthened our financial resilience, forged global alliances and laid the foundation for the House of Strategy that defines our future growth journey,” Pawan Munjal, executive chairman of the company, said.
Kasbekar, as per his public profile, has been with the company for nearly two decades serving as its head of operations and supply chain.
Besides Gupta’s exit, Hero MotoCorp has also announced a few other leadership changes. It has elevated chief procurement officer Ram Kuppuswamy to the position of chief operations officer in manufacturing, effective April 1, while national sales head of its India business unit Ashutosh Varma is promoted as the chief business officer from May 1.
Hero MotoCorp’s EV and Emerging Mobility Business Unit (EMBU) will transition to a fully independent and empowered unit from today (1 February), leading the EV revolution and next generation mobility, the company said in the filing.
This transition comes two months after the motorbike manufacturer launched an accelerator programme, Hero For Startups, to identify and fund promising startups across India which have the potential to transform the future of the automotive industry.
Updated at 01:08 PM
