14 November 2016 Current Affairs: Mahindra and Mahindra has revamped its top deck by elevating Pawan Goenka as MD while redesignating Anand Mahindra as executive chairman.
Mahindra currently is the group chairman and managing director while Goenka is president for automotive division and group executive director.
Pawan has played a major role in M&M's growth in the post-liberalisation era. His elevation as MD is a fitting recognition not only of his vast experience and domain knowledge in the mobility space and his many past achievements, but also of the eminent role that he currently plays in the company .
Goenka joined Mahindra as general manager, R&D in 1993, after working for General Motors in Detroit for 14 years and was instrumental in growing its R&D capability and also the launch of its flagship Scorpio.
He was elevated as president of the automotive division in 2005, head of automotive and farm equipment vertical in 2010 and as executive director on the board in 2013.
Goenka is also on the board of governors of IIT Madras as the chairman.
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