The Mahindra Group recently announced significant leadership changes which is set to take effect in May 2024.
The company said Manoj Bhat, the current Group Chief Financial Officer (CFO), will step into the role of Managing Director (MD) and Chief Executive Officer (CEO) of Mahindra Holidays & Resorts India Ltd (MHRIL), succeeding Kavinder Singh.
The transition comes as Singh decided to resign as the Managing Director and CEO of MHRIL, effective May 16, 2024.
Appointing Amarjyoti Barua as Group CFO
In a strategic reshuffling of its finance leadership, the Group announced Amarjyoti Barua, Executive Vice President - Group Strategy, as the new Group CFO, effective May 17, 2024.
The development is part of the Group's broader strategy to ensure continuous talent development and leadership readiness across its various businesses.
Additionally, Vimal Agarwal will transition from CFO of Mahindra Lifespaces Developers Ltd (MLDL) to CFO of MHRIL, with Avinash Bapat stepping in as the new CFO of MLDL starting May 1, 2024.
Group CEO highlights commitment to talent development
Dr. Anish Shah, Group CEO & Managing Director, M&M, said, “Talent development is a key priority at the Mahindra Group, which has enabled us to attract and retain top talent. In addition to world-class development programmes, we have mapped career paths for each leader, which include experience across multiple roles. As a result, we have increased internal job rotations across businesses.
"We truly appreciate Kavinder’s contribution to MHRIL and the Mahindra Group and wish him the very best for the journey ahead. Manoj brings a unique combination of leadership experiences, value creation skills and customer-first approach, which aligns well with the Mahindra Group’s Rise philosophy. We look forward to MHRIL’s next phase of growth under his leadership," Shah said.
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