Harsha Kadam, who at present is the president-industrial at Schaeffler India will be appointed as additional director and succeed Aroa.
After a successful seven-year stint at the helm of Schaeffler India, Dharmesh Arora, who will be taking up his new role as the Regional CEO Asia Pacific for the Schaeffler Group starting October 1, 2019, has got his successor.
The board of directors of the company in its meeting held yesterday, have decided that Harsha Kadam, who at present is the president - industrial at Schaeffler India, will be appointed as additional director and succeed Arora as the managing director for five years effective October 1, 2019.
In addition, the board has alsoo appointed Arvind Balaji, as an Additional Director and as an Independent Director for five years.
Commenting on the announcement, Avinash Gandhi, chairman of the board of directors, Schaeffler India said: "We are very pleased to welcome Harsha Kadam as the new Managing Director. He brings with him strong knowledge and distinguished experience which will be vital as we continue our ambitious plans to grow in India and seize the opportunities this market has to offer. We also thank Arora for his exemplary leadership that culminated in successful merger of all Schaeffler entities in India and strategic development of Schaeffler India. We wish them both very best for their new and exciting roles."
Previously Kadam was the CEO of AGI Glaspac (India). Prior to that, he was with SKF India till December 2016 as Director, Automotive Business. He held several key leadership positions at SKF India across manufacturing and sales, for over 20 years.
Kadam has over 25 years of experience in various functions like sales, manufacturing and product design and development. He holds a Bachelor's degree in Mechanical Engineering from Bangalore University and a diploma in Finance and Marketing from IGNOU.
Dharmesh Arora has been credited for successfully managing and integrating Schaeffler's three entities in India.
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