Hero Reappoints Pawan Munjal As Chairman, MD And CEO

Hero MotoCorp Ltd. has appointed Mr. Pawan Munjal as the Chairman, Managing Director and CEO of the company for a period of five years effective from October 1, 2016.

Mr. Pawan Munjal tenure at Hero MotoCorp will come to an end on September 30, 2016. He has been instrumental in the leading the world's largest two-wheeler manufacturer in the highly competitive Indian market and expanding its presence across continents.

Also, to consolidate its leadership, Hero MotoCorp has strengthened its Senior Leadership Team as well. Mr. Vikram Kasbekar will be the Head of Operations & Supply Chain and will be part of the Board of Directors as well.

Ms. Neerja Sharma has been appointed as the Company Secretary and Chief Compliance Officer.

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 Neerja demonstrate our commitment to expand our business aggressively by attaining new levels of growth, while we continue to maintain the highest standards of governance."

With Mr. Kasbekar's elevation, Mr. Neeraj Mathur, Head of Strategic Sourcing and Supply Chain will now report to the CMD and CEO.