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Hero MotoCorp's Pawan Munjal volunteers to take 20% salary cut
The updated remuneration of the Executive Chairman will be effective 1 January, 2024.
By Autocar Professional Bureau
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Dr. Pawan Munjal, Executive Chairman and whole time Director of Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has volunteered to reduce his fixed salary by 20%.
The updated remuneration of the Executive Chairman will be effective 1 January, 2024.
Earlier this year, Dr. Munjal decided to separate the roles of Chairman and CEO, and appoint a CEO for the company. The two-wheeler maker's profit increased 47% to Rs 1,054 crore.
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