Continuing with its strategic initiatives to achieve its new Vision - 'Be the Future of Mobility', Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has further augmented its leadership by onboarding distinct experts to its Board of Directors.
Mr. Rajnish Kumar - former chairman of State Bank of India (SBI) - has been appointed as an Independent non-executive Director on the Board of the Company.
Mr. Kumar completed his three-year term as chairman of SBI in October 2020. He is credited with steering the bank successfully through very challenging times and adopting key technology transformations. During his tenure, the Bank developed YONO, a digital platform, which established SBI as a global leader in the adoption of technology and innovation.
Mr. Kumar is a career banker with nearly four decades of service with the State Bank of India. His expertise in corporate credit and project finance is well recognised. He currently serves as an Independent Director on the Boards of many other prestigious companies viz. HSBC, Asia Pacific, L&T Infotech and is also the Non-Executive Chairman of Resilient Innovations P Ltd. (BharatPe).
Hero MotoCorp also appointed Ms. Vasudha Dinodia - an immensely successful next-gen entrepreneur credited with founding the boutique chocolate start-up Choko La in 2005 - as a non-executive Director on the Board of the Company.
Ms. Dinodia has been an astute marketing strategist and third-generation entrepreneur from the eminent Munjal Family. Ms. Dinodia has scaled Choko La to be a globally recognised, premier chocolate brand with its presence across the US, Europe and Asia. The brand has several Premium Chocolate Boutiques and has partnered with global Duty-Free operators across 13 international airports, including Singapore, Macau, Delhi, Mumbai, Bangalore, Chennai, Kolkata, Hyderabad, Ahmedabad, Goa, Jaipur, Raipur, and the new outlets are coming up in Hong Kong, Berlin, Dubai, Melbourne and Philippines airports in the next fiscal.
In the next five years, the brand plans to expand their boutiques to London, Paris, New York, Dubai, Sydney and Tokyo.
A trendsetting chocolatier and an astute businesswoman, Ms. Dinodia has grown the brand and diversified it to create a Choko la Constellation that is unique in its approach to customer satisfaction. The brand offers a wide array of products and services ranging from customized gifting to cafes and boutiques.
Ms. Camille Tang - a well-known name in the global technology landscape - was recently appointed as an Independent non-executive Director on the Board of the Company. Ms. Tang brings with her several decades of rich and diverse global experience in varied sectors such as finance, retail, technology and Artificial Intelligence (AI). She is currently an advisor on software and white label SaaS startups in Canada and the USA.
She is the co-founder of Convenient Power, which delivers integrated solutions beyond mainstream Analog and Power management products and services. She was also the CoChair, and part of Steering Group (Board) for Wireless Power Consortium, an open, collaborative standards development group.
Ms. Tang is an alumnus of the Stanford and Harvard Universities and sits on several other global Advisory Boards. A citizen of the USA, she is currently engaged in multiple public service initiatives.
With these current appointments, Hero MotoCorp now has 11 Board Members, of which 25% are women, thereby clearly exhibiting the Company's focus on Diversity & Inclusion, which will significantly enhance the Company's performance.
Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2529.50 as compared to the previous close of Rs. 2594.70. The total number of shares traded during the day was 57025 in over 10275 trades.
The stock hit an intraday high of Rs. 2587.00 and intraday low of 2505.50. The net turnover during the day was Rs. 144693922.00.