Rahul Bajaj Resigns as Chairman of Bajaj Auto, Will Become Chairman Emeritus

Rahul Bajaj Resigns as Chairman of Bajaj Auto, Will Become Chairman Emeritus
Moneylife Digital Team
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Industrialist Rahul Bajaj has resigned as non-executive director and chairman of Bajaj Auto Ltd due to age. The company board has appointed him as chairman emeritus for next five years. Niraj Bajaj has replaced Rahul Bajaj as chairman of the company. 
 
In a regulatory filing, Bajaj Auto says, "Rahul Bajaj, non-executive chairman of the company, considering his age, has tendered his resignation as non-executive director and chairman of the company with effect from close of business hours on 30 April 2021. In place of Rahul Bajaj, the outgoing chairman of the company, Niraj Bajaj, non-executive director of the company has been appointed as chairman of the company with effect from 1 May 2021."

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