The Board of Hero MotoCorp has appointed Niranjan Gupta as the new Chief Executive Officer (CEO) of the company, effective from May 1, 2023, elevating him from his current position as its Chief Financial Officer (CFO), Head, Strategy and M&A. The company will announce a new CFO in due course of time.
Dr Pawan Munjal will continue as Executive Chairman and whole-time Director on the Board. Over the past six years, Gupta has played a key role in shaping the financial health of the company by navigating it through a highly competitive and ever-evolving environment. He has also played a significant role in forging key partnerships with global brands such as Harley Davidson and Zero Motorcycles.
“Niranjan is a leader with sharp business acumen and a proven track record in delivering strong business results in a highly competitive environment. He has been instrumental in defining the organisation’s growth story with his rich and diverse experience across finance, strategy and operational effectiveness in both developed and developing markets. His sharp focus has helped Hero MotoCorp in delivering strong cash flow over the years while ensuring judicious capital allocation,” Dr Munjal said.
Gupta has more than 25 years of rich leadership experience in finance, mergers & acquisition, supply chain and strategy roles across business sectors including consumer goods, metals & mining, and automobiles. He also serves as a Director on the Board of Ather Energy, HMC MM Auto, and HMCL Colombia. Prior to Hero MotoCorp, Niranjan spent three years at Vedanta and 20 years in Unilever across global roles.
Gupta said, “I am delighted to be appointed as the Chief Executive Officer of Hero MotoCorp. With more than 110 million customers, the brand has an unparalleled reach, providing mobility solutions to the masses. The journey hereon is going to be even more exciting with focus on global expansion, premium segment, and electric mobility.”
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