Anish Shah who is set to take over as the managing director and CEO of Mahindra and Mahindra from 2 April will become the first professional executive to oversee the entire business of the $19.4 billion Mahindra Group. Pawan Goenka will retire as MD and CEO and member of the board effective April 2.
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Group chairman Anand Mahindra will be taking on a non-executive role. The markets regulator Sebi has mandated that from April 2022 the chairperson of the board of top 500 listed entities must be a non-executive director and not be related to the MD or CEO.
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