Hero MotoCorp Appoints Niranjan Gupta as New CEO Effective May 1

The Board of Directors of Hero MotoCorp has announced the appointment of Niranjan Gupta as the new Chief Executive Officer (CEO) of the two-wheeler giant, effective May 1, 2023. Gupta will be promoted from his current position as Hero’s Chief Financial Officer (CFO), Director – Strategy and M&A. Meanwhile, the company announced in a regulatory filing that Dr. Pawan Munjal continues to serve as executive chairman of the board and a full-time director.

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Updated on:
March 30, 2023 at 20:47 pm

Hero’s current CFO, Niranjan Gupta, has been promoted to CEO, while Dr. Pawan Munjal continues as Executive Chairman (MINT_PRINT)

Niranjan Gupta has more than 25 years of leadership experience in finance, M&A, supply chain and strategy across different business sectors including consumer goods, metals and mining, and automotive. Over the past six years, Gupta has played a key role in shaping Hero’s financial health, especially in a highly volatile environment. Hero further stated that the business leader was instrumental in recent global partnerships with brands such as Harley-Davidson and Zero Motorcycles.

Also read: Hero Splendor, Pleasure+ will get more expensive as prices rise in April

Commenting on the appointment, Dr Pawan Munjal said, “Niranjan is a business-savvy leader with a proven track record of delivering strong business results in a highly competitive environment. Diverse experience in financial, strategic and operational efficiencies in developing markets has been instrumental in defining the organization’s growth story. Over the years, his keen focus has helped Hero MotoCorp achieve strong cash flow while ensuring smart “His promotion to the role of CEO is a testament to the robust succession planning process we have in place within the company. The Board looks to him to contribute to realizing Hero MotoCorp’s full potential as a successful business, delivering long-term growth and value to all stakeholders. I wish him all the best and success in his next growth story leading this incredible company. “

Niranjan Gupta said, “I am delighted to be appointed CEO of Hero MotoCorp, a global market leader in motorcycles and scooters. With over 110 million customers, the brand has an unrivaled reach and brings mobility solutions to the masses. With This journey will be even more exciting as we focus on global expansion, premium segments and electric vehicles. As we further strengthen our markets, our vision, mission and values ​​will continue to be the guiding lights in building the next growth story. Leadership, While delighting our customers and creating shareholder value. I am honored to lead a company of passionate business leaders committed to realizing our vision – “Being the Future of Mobility”. Thank you to the Chairman and Board of Directors of Hero MotoCorp for This opportunity.”

In addition to his new role, Niranjan Gupta will continue as a director of Ather Energy, HMC MM Auto and HMCL Colombia. Before joining Hero MotoCorp, Gupta spent three years at Vedanta Limited and 20 years at Unilever. Hero MotoCorp said it would announce a new chief financial officer “in due course”.

First published date: March 30, 2023 at 20:47 PM CST


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