In a significant strategic move towards attaining its vision of transforming itself at a rapid pace, Hero MotoCorp Ltd (HMCL), today announced some significant top management appointments in the company.
Mr. Rajat Bhargava has been appointed as the Head of Strategy & Performance Transformation and Mr. Marcus Feichtner has joined the company as the Head of the newly-created division of “Engine Design & Development”. Both these appointments are with immediate effect.
Mr. Bhargava comes from McKinsey & Company where he was Senior Partner based out of Gurgaon, while Mr. Feichtner comes in from the globally-renowned engine specialists, Austria-headquartered AVL, where he was the Executive Director of AVL’s India Technical Centre, also based out of Gurgaon.
Mr. Bhargava will be part of Hero MotoCorp’s top leadership group and will report directly to the Managing Director & Chief Executive Officer Mr. Pawan Munjal. Mr. Feichtner will report to the Head of Research & Development (R&D).
In his earlier stint, Mr. Bhargava co-led McKinsey’s Operations and Industrial Practices in India and led the Purchasing & Supply Management Practice in Asia Pacific. At McKinsey, he worked with Automotive OEMs, Suppliers and other Industrial companies on bottom line improvement, strategy and organization transformation. He served companies across India, Australia, North Asia, Europe, Africa and the Middle-East. Rajat has done his B. Tech in Computer Science & Engineering from IIT Delhi, and MBA from IIM Ahmedabad, where he got the gold medal for academic excellence.
With AVL as one of the technology partners of Hero MotoCorp, Mr. Feichtner has already been working closely with the company in his capacity as the Executive Director of AVL’s India Technical Centre, which he had set up, and was responsible for technical leadership, strategy generation and business development at the Centre.
Meanwhile, Dr. Anadi Pande has been appointed as the Director of the School of Business & Management at the newly-established BML Munjal University, close to Gurgaon in Haryana. Dr. Pande’s new assignment is in keeping with his years of valuable experience in academics. He was earlier the Head of Human Resource Management (HRM) and Corporate Planning & Strategy at Hero MotoCorp, prior to which he was part of the faculty at IIM, Lucknow for several years.
Announcing these appointments here today, Mr. Pawan Munjal, Managing Director & Chief Executive Officer, Hero MotoCorp, said “We are today presented with an array of exciting opportunities on a number of fronts. Capturing them sharply will be a critical priority for Hero MotoCorp. Rajat has the ideal expertise and experience to play an important role in helping us do this. He will develop and execute the group performance agenda, define and drive special initiatives, and support me on our performance transformation initiatives. As we go through one of our most exciting phases, a technological ecosystem will also form the core foundation of our growth.
This is where Markus will play a critical role with the ideal credentials, experience and domain knowledge in strengthening this development process.”