Hero Motocorp beefs up senior management team

New Delhi, November 7, 2013: In a significant strategic move, Hero MotoCorp Ltd (HMCL) has announced some significant top management appointments.

Rajat Bhargava, formerly senior partner at McKinsey & Company, Gurgaon, has been appointed as the head of Strategy & Performance Transformation and Marcus Feichtner, earlier executive director of AVL’s India Technical Centre, has joined the company as the head of the newly-created division of Engine Design & Development. Both these appointments are with immediate effect.

In his earlier stint, 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. He has done his B.Tech in Computer Science and Engineering from IIT Delhi, and MBA from IIM Ahmedabad.

While Bhargava will be part of Hero MotoCorp’s top leadership group and will report directly to the managing director and CEO Pawan Munjal, Feichtner will report to the head of R&D. With AVL as one of the technology partners of Hero MotoCorp, Feichtner has already been working closely with the company.

Announcing these appointments, Pawan Munjal 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.”

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 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.