New Delhi: Ashok Leyland, the flagship of the Hinduja Team and India’s foremost professional automobile company, on Friday informed the exchanges that Vipin Sondhi has stepped down as the company’s MD & CEO due to particular commitments. In the meantime the Board has asked for Dheeraj Hinduja, Chairman, Ashok Leyland, to stage in as Executive Chairman with quick result.
Sondhi was appointed MD & CEO in December 2019, for a period of time of 5 a long time.
“Vipin Sondhi, Handling Director and CEO has expressed his intention to dedicate much more time to consider treatment of selected particular and loved ones commitments in the put up COVID pandemic circumstance, that demands his prolonged existence in New Delhi and for that reason stage down as Handling Director and CEO with result from December 31, 2021. Respecting his particular good reasons, the Board has prolonged its assist and agreed to his conclusion to go on. Vipin Sondhi will thoroughly assist and facilitate a clean administration transition,” Ashok Leyland reported in a BSE submitting.
To aid in enterprise continuity and a seamless transition, the Board has asked for Dheeraj Hinduja to stage in as Executive Chairman with quick result. The Board will meet soon to determine on the even further training course of action for determining the up coming CEO and MD~
“To aid in enterprise continuity and a seamless transition, the Board has asked for Dheeraj Hinduja to stage in as Executive Chairman with quick result. The Board will meet soon to determine on the even further training course of action for determining the up coming CEO and MD,” the corporation reported.
Sondhi joined the Hinduja Team in 2019 from JCB the place he was the MD and CEO – India, South East Asia & Pacific and a member of the World-wide Executive Leadership Group. He was MD and CEO of JCB India for about fourteen a long time connected intently with the transformation of JCB’s India portfolio into a leadership position by ushering in world criteria of layout, high-quality and manufacturing.
Prior to JCB, he had led Tecumseh India as the MD for about six a long time, while serving there for in excess of 12 a long time. The first ten a long time of his job ended up shaped in Tata Metal 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 spot on record Vipin’s significant contribution to Ashok Leyland navigating the disruption induced by the Covid19 pandemic and seeding business steps to go after our Vision. We want Vipin the quite finest in all his upcoming endeavors”.
“We see a revival in domestic and global marketplaces. I am self-assured that our new solutions and quickly to be introduced alternate propulsion variants will set off progress in volume and marketplace share soon,” he reported.
Vipin Sondhi reported, “I take into consideration it an honor to have led this wonderful organization. My conclusion is purely a particular 1 as I want to consider treatment of my particular and loved ones responsibilities, which have turn into a precedence. Operating with the Hinduja Spouse and children and the leadership workforce at Ashok Leyland has been an enriching working experience.”
“That we have been ready to meet all the issues head-on in spite of the world pandemic and keep on on our progress path has been quite enjoyable. I would like to thank the Board for its constant assist and my committed workforce throughout Ashok Leyland for their tireless do the job and co-operation to assure that we go nearer to our Vision to emerge as 1 of the major ten CV makers in the environment,” he reported.
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