Hero MotoCorp Ltd has appointed Mr. Pawan Munjal as the new Chairman of its company. Dr. Brijmohan Lall has stepped down from the board panel and will be the company as a non-executive director. The Board has requested him to continue to be the guide and mentor of the company in the form of Chairman Emeritus, which he has accepted. Under the leadership of Mr. Pawan Munjal, Hero has remained the world’s largest two-wheeler manufacturer in terms of unit volumes sold in a calendar year by a single company since 2001 – the year he took over as the MD & CEO.
"The board took up this matter during its meeting today as per the desire expressed by Dr Brijmohan Lall to relinquish his duties as the Executive Chairman," the company said in a statement.
Hero MotoCorp continues to command well over 50% share in the domestic motorcycle market in India. The company has sold a record 6.63 million units two-wheelers in the financial year 2015 (Apr 2014-March 2015) – its highest-ever annual sales. Hero Moto-Corp also has its global presence more than 20 countries.
"The board took up this matter during its meeting today as per the desire expressed by Dr Brijmohan Lall to relinquish his duties as the Executive Chairman," the company said in a statement.
Hero MotoCorp continues to command well over 50% share in the domestic motorcycle market in India. The company has sold a record 6.63 million units two-wheelers in the financial year 2015 (Apr 2014-March 2015) – its highest-ever annual sales. Hero Moto-Corp also has its global presence more than 20 countries.
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