M & M prepares future leaders
CHENNAI: Like Almost The Entire Top Management Of Mahindra Group Approaching The Retirement Age, The Nearly $ 21 Billion SUV-to-IT Conglomerate Is Working Out A List Of Future Leaders Taking The Baton. According To Company Sources, This Next Generation Of Top Managers Is Likely To Be Announced In Four To Five Months.
Currently, Almost All Members Of The Mahindra Group Brass Will Either Retire In The Coming Years Or Are Already In Extension. These Include M & M MD Pawan Goenka Rajeev Dubey - Both Due For Retirement In March 2020. Rajan Wadhera Is Already On Extension, As Is Group President (IT) Ulhas Yargopwho After Just Retiring. Tech Mahindra MD, C P Gurnani, Is Pushing 60 And His Current Five-year Term Was Approved By The Board Last Year.
Sources Say That The Future Leaders' List Includes The Likes Of Chief Purchase Officer (Powerol & Spares Business) Hemant Sikka, President (farm Equipment Sector) Rajesh Jejurikar, Group President (strategy) Anish Shah, Group CFO Parthasarathy, Mahindra Finance MD & VC Ramesh Iyer, Chief Of Sales And Marketing (auto Division) Veejay Ram Nakra And VP (powertrain) Venusamy Ramasamy.
Currently, The Retirement Age Cut-off For The Group Executive Board (GEB) Is 62, While Group Presidential Retire At 65.
When contacted, M&M senior VP (group communications) Varsha Chainani said in an emailed response, “The Mahindra Group has a ‘federal structure’ that enables each business to chart its own future and simultaneously leverage synergies with other businesses in the group. We have a very robust and active talent management process which looks at succession planning and leadership development across businesses and functions and, as a consequence, we have a very good line of vision to the leadership pipeline at all levels, including at the very top. The group executive board comprises business and functional leaders who are all potential leaders for any of our businesses. These leaders have a global mindset, the ability to lead disruptive innovation, across cultures and borders, and thereby create sustained business out performance.”
Over The Past Years, The Group Has Led The Future Leadership Program (FLP), Conducted An 18-month Journey In Leadership Development And Talent Management In Collaboration With Premium International Schools - The Institute Of Management Development, Switzerland Yale School Of Management . Typically, The 30-odd Executives Selected For The FLP Are Fast-track Executives In The 42-53 Age Group And The Idea, According To The Group Website, Is To “build A Pipeline Or Leaders For Tomorrow's Mahindra And Thus People Are Recruited From Different Businesses And Positions Across The Group ”. Many Of The Names Are Likely To Make It To The Future Leaders' List Have Already Gone Through The FLP Program.