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Hero MotoCorp announces reorganization of leadership team

Posted On : 2022-12-09 14:28:29( TIMEZONE : IST )

Hero MotoCorp announces reorganization of leadership team

Hero MotoCorp, the world's largest manufacture of motorcycles and scooters, today announced a reorganization in its Leadership Team and roles.

Niranjan Gupta, currently Chief Financial Officer (CFO), has been given the additional charge of heading Strategy and M&A for the company. Niranjan has been the CFO for the past six years, ensuring strong financial shape and cash flows of the company and playing a key role in business decisions.

He is also Director on the Board of several associate companies, including Ather Energy, an associate company in Electrical vehicle space; HMCMM Auto Private Limited, a Joint venture for Fuel injection system, and HMCL Colombia, a subsidiary of HMCL for its Global business.

Vikram Kasbekar, Executive Director on the Board of Hero MotoCorp, has been given the responsibility to Head the key function of Global Product Planning as an interim charge. Vikram is also on the Board of HMCMM Auto Private limited and HNBL, Bangladesh.

Mike Clarke, Chief Operating Officer & Chief Human Resources Officer, Hero MotoCorp, said, "As we gear up to leverage the emerging opportunities and address the rapidly evolving business climate, it is our people who will continue to be the key differentiator in this environment of change and impact. In keeping with this philosophy, Niranjan and Vikram have been entrusted with additional strategic responsibilities. Both of them have an impeccable track record of delivering outstanding business results in highly competitive environment and their immense experience and expertise will surely contribute towards the company's performance."

Meanwhile, after spending more than six years with Hero MotoCorp, Malo Le Masson, Head of Strategy, M&A & Global Product Planning (GPP), has decided to move on and pursue opportunities outside of the Company.

"Malo has been instrumental in enriching our product portfolio and evolving this function. Needless to say, he is leaving his footprint in our future line-up, as the Company prepares to introduce a range of new scooters and motorcycles over the next 12 to 18 months. We wish the very best to Malo for his future endeavors. He will continue working with us until the end of December 2022," Mike said.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2757.50 as compared to the previous close of Rs. 2760.65. The total number of shares traded during the day was 6315 in over 1200 trades.

The stock hit an intraday high of Rs. 2777.55 and intraday low of 2745.10. The net turnover during the day was Rs. 17421935.00.

Source : Equity Bulls


HeroMotoCorp INE158A01026 Motorcycles Scooters Reorganization LeadershipTeam