Eicher Motors has approved the appointment of Tejpreet S Chopra and Subramanian Madhavan as independent directors, for a five-year term, with effect from September 29, 2023.
Given the significant growth trajectory of the company over the past few years, and considering the vision and future plans for growth and expansion, the Board of Directors of the company has been reviewing the composition of the various Board Committees and the number of Independent Directors on the Board of the Company. The decision to onboard Tejpreet Chopra and S. Madhavan is part of this thought process.
Tejpreet S. Chopra is the Founder and CEO of the Bharat Light & Power Group (BLP). He is also on the Board of the World Economic Forum
Foundation (WEF) for YGLs.
The company has also approved the re-appointment of Inder Mohan Singh as an independent director.
S. Madhavan is a fellow member of the Institute of Chartered Accountants of India, an MBA from IIM Ahmedabad and has around 38 years of experience in Accountancy, Economics, Finance, Law, Information Technology, Human Resources, Risk Management, Business Management and Banking. He
has served as a Senior Partner and Executive Director at PricewaterhouseCoopers for several years and has held several senior positions there.
Siddhartha Lal, Managing Director and CEO, Eicher Motors said, "Over the past few years, we have witnessed considerable growth and expansion of our business globally. We believe, both VE Commercial Vehicles, and Royal Enfield, are at a
virtuous cycle in their respective areas of business and are ready to step into the next phase of growth."
"In order to steer this growth in the right direction and further expand our horizons, we have been looking to strengthen and deepen the expertise on the Board. We are happy to welcome Tejpreet and S. Madhavan to the Board of Eicher Motors Ltd. Their strategic expertise in managing, leading and advising businesses globally, deep insights into global markets, and their strengths in technology, governance
and risk management will be of great value."