Auto-maker Mahindra & Mahindra said on Monday that it's board has promoted Pawan Goenka as Executive Director of the company for a period of 5 years with effect from Monday.
“He will now be designated Executive Director and President (Automotive and Farm Equipment sectors),” Mahindra & Mahindra said in a filing to BSE.
Commenting on the development, Mahindra Group Chairman Anand Mahindra said, “Pawan has played an integral role in transforming the Group's automotive product development capabilities, and has provided growth and strategic direction to both automotive and tractor businesses. I am confident he will add tremendous value to the Board by providing fresh insights and invaluable guidance on key issues facing the company.”
Before this, Goenka was President of Automotive and Farm Equipment sectors, a position he held since April 2010.
“I am truly honoured and delighted to join the Mahindra Board... I look forward to the future with a greater sense of responsibility, and will strive to contribute my best to meet the long-term aspirations of all stakeholders,” Executive Director and President (Automotive and Farm Equipment sectors) Pawan Goenka said.
Goenka has been responsible for the development of several new products including the Scorpio SUV, Mahindra and Mahindra said.