Hero MotoCorp has a New Chairman

Pawan Munjal has been raised to the designation of being the chairman of Hero MotoCorp while Brijmohan Lall would remain to be related with the brand as chairman resigned.Hero MotoCorp Ltd (HMCL) proclaimed that Pawan Munjal has been raised to the station of being the chairman of the nation’s biggest two-wheeler company.

 

Pawan Munjal proceeds over the bridles from Brijmohan Lall who would last to be connected with Hero MotoCorp as the former Chairman. Brijmohan Lall would linger to be a board member as a non-executive administrator for Hero. The choice to stimulate Pawan Munjal as the chairman of Hero MotoCorp was reserved by the company’s board currently consistently permitted his new employment.

 

Conferring to Hero, the choice was required after Brijmohan Lall put on tables his wish to surrender his responsibilities as the executive chairman of the company a position he has detained from the beginning of Hero MotoCorp in 1984. The Board procured up this problem through its conference today as per the wish articulated by Dr. Brijmohan Lall to surrender his responsibilities as the Executive Chairman of the company.

 

While accommodating his proposal, the Board wished for him to remain to be the monitor and counsellor of the company in the form of Chairman Emeritus, which he acknowledged. Dr. Brijmohan Lall would still be a part of the Board as a non-executive Director. From the time he was encouraged as MD & CEO, Hero MotoCorp has endured the domain’s major two-wheeler producer in terms of unit capacities sold in an annual year ever since the company formed back in the year 2001.

 

Hero also proclaimed that it sold a greatest 6.63 million units in the fiscal 2015 (Apr 2014-March 31 2015) – its greatest-ever annual trades.While the former chairman has been in the picture of Hero Motocorp’s success story ever since, it is yet to be seen how the new Chairman would take it further, we wish him all the very best though.