The Board of Directors of Mahindra and Mahindra Limited announced that Dr. Anish Shah, presently the Deputy Managing Director and Group Chief Financial Officer, would take over as the Managing Director and Chief Executive Officer, effective April 2, 2021.
This follows the top management succession announcement dated December 20, 2019. In November, when Mr. Anand Mahindra transitions to the role of Non-Executive Chairman, Dr. Anish Shah will become the first professional MD and CEO in the history of the Mahindra Group to have a complete oversight of and responsibility for the Mahindra Group businesses.
Dr. Pawan Goenka will retire as the MD and CEO, and Member of the Board of Directors of M&M Ltd effective April 2, 2021. In his role as the MD and CEO, he had an oversight of Automobile and Farm Equipment sectors. Rajesh Jejurikar, Executive Director will take full charge of these sectors and will report to Dr. Shah.
Dr. Anish Shah is currently the Deputy Managing Director and Group CFO for the Mahindra Group. He joined Mahindra in 2015 as the Group President, Strategy, where he led strategy development; built capabilities such as digitization and data sciences; enabled synergies across Group companies and managed the Risk and performance review organizations.
Prior to joining Mahindra, Anish was president and CEO of GE Capital India, where he led the transformation of the business, including a turnaround of its SBI Card joint venture. His career at GE spanned 14 years, during which he held several leadership positions at GE Capital's U.S. and global units. He also has diverse experience with global businesses beyond GE. He led Bank of America's U.S. Debit Products business. He started his career with Citibank in Mumbai before moving to Boston with Bain & Company as a strategy consultant.
Anish received a Ph.D from Carnegie Mellon's Tepper School of Business, a Masters degree from Carnegie Mellon and a post-graduate diploma in Management from the Indian Institute of Management, Ahmedabad.