Management Change10 Jun 2026, 08:11 pm
SML Mahindra: CEO Dr. Venkataraman Srinivas to Step Down
AI Summary
SML Mahindra Ltd announced that Dr. Venkataraman Srinivas will cease to be Executive Director & CEO effective June 30, 2026, due to his transition to a new role within the Mahindra Group. Executive Chairman Mr. Vinod Kumar Sahay will assume additional responsibilities until a new CEO is appointed. The board meeting, held on June 10, 2026, approved this change based on the Nomination and Remuneration Committee's recommendation. Dr. Srinivas will also cease to be a Director and Key Managerial Personnel.
Key Highlights
- Dr. Venkataraman Srinivas resigns as Executive Director & CEO.
- Cessation effective close of June 30, 2026.
- Reason cited is transition to a new role within Mahindra Group.
- Executive Chairman Vinod Kumar Sahay to take additional responsibilities.
- Board approved the change based on committee recommendation.
Price Impact
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