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Brijmohan Lall Munjal Passed On Baton For 4 Billion $ “Hero”To His Son Pawan Munjal

Jun. 01 Economy, Glamour, Travel Comments

[New Delhi] Brijmohan Lall Munjal Passed On Baton For “Hero” To His Son Pawan Munjal
Top industrialist Brijmohan Lall Munjal today stepped aside as Executive Chairman of two-wheeler giant Hero MotoCorp to take up an non-executive role.
While 92-year-old Brijmohan Munjal has become Chairman Emeritus of over USD 4 billion group and would remain on the board as a non-executive member, Pawan Munjal has taken over as Chairman, Managing Director and CEO.
As per company statement The changes have been approved by the board and came into effect today,
Lall has been the Chairman of Hero MotoCorp since its inception in 1984 as a joint venture with Japan’s Honda.
With this transition, the top leadership succession plan, which was initiated in August last year with the elevation of Munjal as Vice Chairman, has come to its logical conclusion,
Pawan Munjal had assumed the role of MD and CEO in 2001 at Hero, the world’s largest two-wheeler manufacturer in terms of unit volumes sold in a calendar year.

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