Vivek Karve, CFO, Mahindra Finance moves on to pursue interests beyond full time employment

Mahindra Finance today announced that Mr. Vivek Karve, Chief Financial Officer of Mahindra & Mahindra Financial Services Limited ("the Company"/ "MMFSL") and Financial Services Sector has tendered his resignation from the services of the Company to pursue personal, social and professional interests beyond a full-time employment.

Raul Rebello, Managing Director & CEO mentioned, "We express our appreciation on Vivek's contributions for the last four years with Mahindra Finance. It is during this time that our company has navigated challenging times and has also achieved significant milestones. While we are sad to see him leave, we respect his personal decision to pursue personal, social and professional interests beyond full-time employment at this stage of his professional career".

"Given his association with the company and management over the years, he has agreed to remain with the company beyond the stipulated notice period and until declaration of financial results for the 2nd quarter FY 2025, i.e. up to 31st October 2024 thereby ensuring a smooth transition. As regards to succession planning, the company is in the process of identifying a suitable candidate and necessary announcements would be made in due course", Raul added.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 306.00 as compared to the previous close of Rs. 305.00. The total number of shares traded during the day was 84483 in over 1831 trades.

The stock hit an intraday high of Rs. 307.95 and intraday low of 300.45. The net turnover during the day was Rs. 25723662.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 MahindraFinance Resignation CFO