Allcargo Logistics on Wednesday announced appointment of V S Parthasarathy and a Swiss national, Martin Mueller as independent directors on its board. Parthasarathy was till recently Group CFO and CIO of Mahindra & Mahindra while Mueller is a former partner at global consulting giant McKinsey. Mueller and Parthasarathy have also joined the board of Allcargo s wholly-owned subsidiary ECU Worldwide, the company said in a statement. ECU Worldwide is a Belgian multinational, operating Allcargo Group s global operations with presence in over 160 markets and is the world s largest less-than-cargo load (LCL) consolidator. With Partha and Martin joining our Board. I expect this intellectual and diversified combination of cross-functional leadership and professional expertise will help us immensely as Allcargo prepares to move forward in its journey of excellence leading to meet our vision for the future, said Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics.
Updated Mar 11, 2021 | 13:40 IST
Automaker Mahindra and Mahindra posted a robust financial results in the December quarter and hiked salaries across the board and paid out full performance pay. Mahindra and Mahindra clears air on layoffs, says no pay cuts at any levels. | Photo Credit: BCCL
New Delhi: Auto major Mahindra and Mahindra (M&M) has issued a statement refuting the recent media reports about cutting jobs of around 300 senior-level executives, saying that it has let go 48 staff in the last one year due to redundancies while another 98 have been given six months to find a role.
“During the pandemic, M&M has taken a series of actions consistent with our core values and strong focus on associates. There were minimal separations.and no widespread layoffs,” the company said in a regulatory filing.
Synopsis
He was spearheading the newly formed Mobility Services Sector (MSS), a growth driver and incubation platform for future investments by the Mahindra group in technology-driven mobility companies, with the vision of co-creating the Future of Mobility .
AP
Mahindra & Mahindra on Monday said VS Parthasarathy, the President of its Mobility Services Sector and Member of the Group Executive Board, has decided to leave the group effective close of April 1, 2021 to pursue personal interests. Parthasarathy, who joined the Mahindra group in 2000 and began with an HR stint, has expressed desire to leverage his rich professional experience to consult, mentor, build and scale businesses and initiatives across business, education and society in the next phase of his career, M&M said in a regulatory filing.
VS Parthasarathy leaves Mahindra Group; Mahindra Logistics Board appoints Anish Shah as Chairman
March 08, 2021
VS Parthasarathy - Businessline×
Mahindra & Mahindra Limited (M&M) on Monday said that VS Parthasarathy, President - Mobility Services Sector and Member of the Group Executive Board, has decided to leave the Group effective close of April 1, 2021. Anish Shah, who is designated to take over as the Managing Director and CEO of M&M Ltd. from April 2, 2021, will also serve as the Chairman of the Board of Mahindra Logistics Ltd (MLL).
The mobility services sector continues to be a high priority growth opportunity for the Group, the company said in a regulatory filing. In the logistics sector that is poised for exponential growth, Mahindra Logistics is in pole position given its 3PL capabilities and its cross sectorial spread. The platform-based business model of Mahindra First Choice Wheels promises to re-shape the aftermarket sector and these businesses will contribu
Mahindra Logistics appoints Anish Shah as Chairman
Shah currently holds the office of Deputy Managing Director and Group CFO at Mahindra & Mahindra. He is designated to take over as the Managing Director and CEO of the company from April 2, 2021
BusinessToday.In | March 8, 2021 | Updated 20:51 IST
Anish Shah will join Mahindra Logistics board on April 2. Photo credit: Mahindra Logistics
Mahindra Logistics (MLL), the logistics and people transport subsidiary of Mahindra Group, has appointed Anish Shah as the Chairman of its board of directors. The appointment will be effective from April 2, 2021. Shah will join the board on the same date.
VS Parthasarathy, the current Chairman and Non-Executive Director of the board, has decided to leave the Mahindra Group to pursue personal interests, Mahindra Logistics said in a statement. He desires to consult, mentor, build and scale businesses and initiatives across business, education and society in the next phase of his career, it furthe