Two key senior executives at Hero MotoCorp quit

Two key senior executives at Hero MotoCorp have resigned amid mounting challenges facing the India’s largest two-wheeler maker by volume.

These include Reema Jain — chief information and digital officer and member of the executive management team and Sameer Pande- HR head for talent management.

“Misrepresenting normal workforce shifts as anything else is misleading and does not reflect the reality of our operations. Individual people movements or exits are a part of operations in a large, dynamic organization like ours. Other than statutory requirements, Hero MotoCorp does not comment on individual people movements,” the company’s spokesperson said.

According to people aware of the matter, the resignations have taken place this week. The latest departure of key executives also comes a month after the company’s townhall—as reported by ET in its February 14 edition. Addressing its 5,000-odd employees at home and abroad during a town hall last month, Munjal had said, “I have my eyes on each one of you,” he said. The message was clear, underperformance will not be tolerated.

This comes to the fore barely a month after Hero MotoCorp’s chief executive officer, Niranjan Gupta and Ranjivjit Singh, chief business officer, quit the company in February.

Last month, Hero MotoCorp was unseated from the no.1 position by the Japanese rival Honda Motorcycle and Scooter India. Also, for the first ever, it sold fewer two wheelers cumulatively (including exports and electric vehicles) than TVS Motor Co getting pushed to the third place.

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