Former SBI Chief Rajnish Kumar and Choko La Vasudha Dinodia Founder Join Hero MotoCorp, Auto News, ET Auto Board of Directors

New Delhi: Former SBI chairman Rajnish Kumar has joined Hero MotoCorp’s board as an independent director, the two-wheeler major said on Friday. He also appointed marketing strategist and entrepreneur Vasudha Dinodia to the board as an independent director, Hero MotoCorp said in a statement.

Dinodia, founder of the chocolate startup Choko La, is a third generation entrepreneur in the Munjal family.

Kumar, a career banker with nearly four decades of service, completed his three-year term as Chairman of the State Bank of India (SBI) in October 2020. He is credited with leading the bank successfully to through very difficult times and having adopted key technological transformations. .

Recently, Hero MotoCorp Ltd, the world’s largest manufacturer of motorcycles and scooters, also appointed Camille Tang, an expert in finance, retail, technology and artificial intelligence (AI), to its board of directors as independent director.

Tang, a U.S. citizen, is an alumnus of Stanford and Harvard universities and sits on several other global advisory boards.

“With these current appointments, Hero MotoCorp now has 11 board members, 25% of whom are women, clearly demonstrating the company’s focus on diversity and inclusion, which will dramatically improve the performance of the company. company, “the statement read.

In order to contribute to business continuity and a smooth transition, the Board of Directors requested Dheeraj Hinduja to step in as Executive Chairman with immediate effect. The board will meet shortly to decide on the process to identify the next CEO and chief executive officer, the company said.

Wiley C. Thompson