New Delhi: Ashok Leyland, the flagship of the Hinduja Team and India’s top business automobile manufacturer, on Friday informed the exchanges that Vipin Sondhi has stepped down as the company’s MD & CEO due to personalized commitments. Meanwhile the Board has requested Dheeraj Hinduja, Chairman, Ashok Leyland, to stage in as Executive Chairman with speedy impact.
Sondhi was appointed MD & CEO in December 2019, for a period of time of five several years.
“Vipin Sondhi, Controlling Director and CEO has expressed his intention to commit a lot more time to consider care of selected personalized and relatives commitments in the publish COVID pandemic situation, that involves his prolonged existence in New Delhi and for that reason stage down as Controlling Director and CEO with impact from December 31, 2021. Respecting his personalized motives, the Board has prolonged its aid and agreed to his decision to transfer on. Vipin Sondhi will fully aid and facilitate a easy management transition,” Ashok Leyland said in a BSE submitting.
To assist in business enterprise continuity and a seamless transition, the Board has requested Dheeraj Hinduja to stage in as Executive Chairman with speedy impact. The Board will meet soon to choose on the even further course of motion for pinpointing the following CEO and MD~
“To assist in business enterprise continuity and a seamless transition, the Board has requested Dheeraj Hinduja to stage in as Executive Chairman with speedy impact. The Board will meet soon to choose on the even further course of motion for pinpointing the following CEO and MD,” the corporation said.
Sondhi joined the Hinduja Team in 2019 from JCB wherever he was the MD and CEO – India, South East Asia & Pacific and a member of the Worldwide Executive Leadership Staff. He was MD and CEO of JCB India for about fourteen several years involved closely with the transformation of JCB’s India portfolio into a management place by ushering in global expectations of structure, high-quality and production.
Prior to JCB, he experienced led Tecumseh India as the MD for about 6 several years, while serving there for around 12 several years. The original ten several years of his career were being formed in Tata Steel and Shriram Honda. He is an alumnus of IIM, Ahmedabad and a Mechanical Engineer from IIT, Delhi.
Dheeraj Hinduja, Chairman, Ashok Leyland, remarked “I would like to put on document Vipin’s major contribution to Ashok Leyland navigating the disruption prompted by the Covid19 pandemic and seeding business actions to go after our Vision. We want Vipin the very most effective in all his long term endeavors”.
“We see a revival in domestic and international markets. I am self-assured that our new merchandise and before long to be launched alternate propulsion variants will result in expansion in volume and industry share soon,” he said.
Vipin Sondhi said, “I contemplate it an honor to have led this great corporation. My decision is purely a personalized one as I will need to consider care of my personalized and relatives tasks, which have grow to be a priority. Doing the job with the Hinduja Household and the management team at Ashok Leyland has been an enriching practical experience.”
“That we have been ready to meet all the troubles head-on despite the global pandemic and carry on on our expansion route has been very fulfilling. I would like to thank the Board for its ongoing aid and my committed team throughout Ashok Leyland for their tireless function and co-operation to be certain that we transfer nearer to our Vision to emerge as one of the best ten CV makers in the planet,” he said.
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