Schaeffler India approves re-appointment of Harsha Kadam as MD & CEO

Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), the motion technology company, on March 22, 2024 announced the re-appointment of Harsha Kadam as Managing Director & Chief Executive Officer by the Board, subject to the approval of Shareholders in due course. Mr. Kadam's new term will commence on October 1, 2024, and extend through September 30, 2027, marking a pivotal phase in Schaeffler India's journey to strengthen our position and drive growth.

Ms Eranti Sumithasri, Chairperson & Independent Director at Schaeffler India, said, "We are pleased to share that the Board of Directors has approved the reappointment of Mr Harsha Kadam as the Managing Director & CEO of Schaeffler India Limited for another three-year term from October 1, 2024, to September 30, 2027. With his strategic vision and leadership, Mr Harsha Kadam has successfully steered the Company towards new heights over the past few years. His reappointment as MD & CEO for another term signifies our trust in his capabilities, and we are confident his continued leadership will drive Schaeffler India's growth and strengthen our position in the market."

Mr. Harsha Kadam is an accomplished professional with over three decades of invaluable experience in propelling businesses towards profitable growth. His expertise spans across various domains including sales, manufacturing, product design and development, and business excellence.

Mr. Kadam has played a pivotal role in navigating the complex and challenging business landscape, resulting in remarkable growth at Schaeffler India after joining in 2018 as president of Industrial Business. He later took up the role of MD and CEO in 2019 for an initial five-year tenure. His re-appointment underscores the company's commitment to maintaining consistent leadership during this phase of growth and transformation.

Source : Equity Bulls

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SchaefflerIndia ReAppointment MD CEO