Hero Motocorp Names Niranjan Gupta As New CEO
Niranjan Gupta has been named CEO of Hero Motocorp, a manufacturer of motorcycles and scooters. Gupta's appointment will be effective on May 1, 2023. He has been promoted from the position of Chief Financial Officer (CFO) and Head-Strategy and M&A. According to an exchange filing, Niranjan has played a key role in Hero Motocorp's ties with worldwide brands such as Harley Davidson and Zero Bikes.
"During the previous six years, Niranjan has more than 25 years of broad leadership experience in finance, mergers and acquisitions, supply chain, and strategy positions across corporate sectors including consumer products, metals and mining, and autos," according to the filing.
In addition, Gupta sits on the boards of Ather Energy, HMCL Colombia, and HMC MM Car Private Limited. He also worked for Vedanta for three years and Unilever for twenty years before joining Hero MotoCorp.
"His ascension to the job of CEO is a testament to the rigorous succession planning process we have put in place inside the firm," Hero MotoCorp Executive Chairman and Whole-time Director Dr Pawan Munjal said of Gupta's appointment. The Board looks forward to his commitment to realising Hero MotoCorp's full potential as a winning firm that generates long-term development and value to all stakeholders."
Gupta stated that the company's priorities will be global development, premium segment, and electric mobility under his leadership. "The trip ahead will be even more interesting," he said, "with an emphasis on global expansion, luxury sector, and electric mobility."