Pawan Munjal climbs up the ladder at Hero MotoCorp
Hero MotoCorp has elevated Pawan Munjal as the Vice-Chairman of Hero MotoCorp. He was the MD and CEO of Hero MotoCorp until now. As per sources, the decision was made with an aim of lending clarity to the succession plans within the family members whereas Sunil Munjal, his younger brother, is the Joint MD of the company and the Chairman of Hero Corporate Services.
The decision was announced in Hero MotoCorp's board meeting held recently.
For information and records, Pawan Munjal belongs to the family that has promoted India’s $ 5 billion Hero Group of Companies.