Mahindra & Mahindra has announced the appointment of Mr. V.S. Parthasarathy as its Chief Financial Officer with effect from November 
14. The decision was taken at the Board meeting of the company where Mr. Bharat Doshi, Executive Director & Group Chief Financial Officer of the company, decided to step down after 40 years of service in the Mahindra Group, of which 21 years were as an Executive Director. He has now been appointed an Additional Director of the company with effect from November 14.
At the meeting, the Board also approved the appointment of Mr. S.B. Mainak as an Additional Director with effect from November 13 representing the Life Insurance Corporation of India (LIC) on the company Board.
Mr. Mainak, a Chartered Accountant, is the Managing Director of LIC and is also on the Boards of National Stock Exchange of India Ltd. and Stock Holding Corporation of India Ltd.