financetom
Business
financetom
/
Business
/
Hero MotoCorp announces resignation of Malo Le Masson as head of strategy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hero MotoCorp announces resignation of Malo Le Masson as head of strategy
Dec 9, 2022 6:30 AM

Two-wheeler maker Hero MotoCorp on Friday announced the resignation of its head of strategy, mergers and acquisitions, and global product planning Malo Le Masson, who has decided to pursue opportunities outside the company.

Share Market Live

NSE

Subsequently, Chief Financial Officer Niranjan Gupta has been given additional charge of heading strategy, mergers and acquisitions for the company, while Executive Director Vikram Kasbekar has been given the responsibility to head the key function of global product planning as an interim charge, Hero MotoCorp said in a regulatory filing.

Le Masson was with Hero MotoCorp for more than six years and will continue working with the company until the end of December 2022.

Also Read: Tata Motors mulling price hike for passenger vehicles from next month

Gupta has been the CFO for the past six years. He is also a director on the board of several associate companies, including Ather Energy, an associate company in the electric vehicle space; HMCMM Auto Pvt Ltd, a Joint venture for fuel injection systems, and HMCL Colombia, a subsidiary of HMCL for its global business, the filing said.

Kasbekar is also on the Board of HMCMM Auto Pvt Ltd and HNBL, Bangladesh, the company said.

"Both of them have an impeccable track record of delivering outstanding business results in a highly competitive environment and their immense experience and expertise will surely contribute towards the company’s performance," Hero MotoCorp COO and Chief Human Resources Officer Mike Clarke said.

He also said Le Masson has been instrumental in enriching the company’s product portfolio and evolving this function and "is leaving his footprint in our future line-up, as the company prepares to introduce a range of new scooters and motorcycles over the next 12 to 18 months".

Prior to joining Hero MotoCorp Le Masson was leading the product strategy function at Infiniti Motor Company, where he worked as Global Head of Infiniti Product Long Term Strategy. He has significant experience in product planning through his stints with Nissan Motor Co across geographies, including Japan, France, Hong Kong, Netherlands and Switzerland.

Also Read: TVS Motor's Singapore subsidiary acquires German company for 25,000 euro

(Edited by : Anushka Sharma)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
First Solar lowers annual sales forecast, posts rise in Q3 profit
First Solar lowers annual sales forecast, posts rise in Q3 profit
Nov 3, 2024
(Reuters) - U.S. solar panel maker First Solar ( FSLR ) lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by higher prices following additional tariffs on foreign-made panels. Shares were down 6.9% at $185.99 in after-market trade. Residential installations have fallen sharply this year, and utility-scale projects face challenges...
Reddit Stock Soars After Strong Q3 Results, Q4 Guidance Above Estimates: DAUq's Grow 17% And More
Reddit Stock Soars After Strong Q3 Results, Q4 Guidance Above Estimates: DAUq's Grow 17% And More
Nov 3, 2024
Reddit, Inc. ( RDDT ) reported its third-quarter results after Tuesday's closing bell. Here's a look at the details from the report.   The Details: Reddit ( RDDT ) reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate for losses of 8 cents. Quarterly revenue came in at $348.4 million, which beat the consensus estimate of...
BRIEF-Equinor buys US gas assets from EQT Corp for $1.25 bln
BRIEF-Equinor buys US gas assets from EQT Corp for $1.25 bln
Nov 3, 2024
Oct 29 (Reuters) - Equinor ASA ( EQNR ): * EQUINOR STRENGTHENS GAS PORTFOLIO * AGREEMENT WITH EQT CORPORATION TO ACQUIRE ADDITIONAL NON-OPERATED INTEREST IN NORTHERN MARCELLUS FORMATION IN US. EQUINOR WILL PAY USD 1.25 BILLION TO EQT IN TRANSACTION * ACQUIRING 100% OF EQT'S REMAINING WORKING INTEREST IN NORTHERN MARCELLUS GAS UNITS PRIMARILY OPERATED BY EXPAND ENERGY * TRANSACTION...
Edison International Q3 Core Earnings, Revenue Rise
Edison International Q3 Core Earnings, Revenue Rise
Nov 3, 2024
04:46 PM EDT, 10/29/2024 (MT Newswires) -- Edison International ( EIX ) reported Q3 core earnings late Tuesday of $1.51 per share, up from $1.38 per share a year earlier. Analysts polled by Capital IQ expected $1.39. Operating revenue for the quarter ended Sept. 30 was $5.2 billion, up from $4.7 billion a year earlier. Analysts surveyed by Capital IQ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved