Niranjan Gupta has been promoted from his previous roles as Head of Strategy and M&A and Chief Financial Officer (CFO).
Niranjan Gupta has been named CEO of Hero Motocorp, a manufacturer of motorcycles and scooters. The appointment of Gupta will start on May 1st, 2023. He has been promoted from his previous roles as Head of Strategy and M&A and Chief Financial Officer (CFO). According to an exchange filing, Niranjan has been essential to Hero Motocorp’s collaborations with well-known companies including Harley Davidson and Zero Bikes.
Niranjan has over 25 years of broad leadership experience in finance, mergers and acquisitions, supply chain, and strategy roles across corporate sectors, including consumer products, metals, mining, and cars, according to the filing. For the previous six years, Niranjan has held these positions.
In addition, Gupta holds board positions with Ather Energy, HMCL Colombia, and HMC MM Auto Private Limited. Before joining Hero MotoCorp, he previously worked for Vedanta for three years and Unilever for 20 years, working all over the world.
Hero MotoCorp Executive Chairman and Whole-Time Director Dr. Pawan Munjal commented on Gupta’s appointment as CEO, saying, “His elevation to the job of CEO is a testimonial to the rigorous succession planning process we have put in place inside the firm. The Board is looking forward to his involvement in helping Hero MotoCorp reach its full potential as a successful company that provides long-term growth and value for all of its stakeholders.
According to Gupta, the company’s priorities under his direction will be worldwide expansion, the luxury market, and electric mobility. He said, “With a focus on worldwide expansion, luxury sector, and electric mobility, the road hereon is going to be even more interesting.”
At the time of writing, Hero Motocorp shares are up 2.40 percent from the previous market close, trading at 2,303.35 per share on the BSE.