Ashok Leyland, yesterday announced the resignation of its Managing Director and Chief Executive Officer (MD & CEO) Mr. Vinod K. Dasari effective 31 March 2019.
After a successful stint of almost 14 years with Ashok Leyland, first as a Chief Operating Officer (COO) and then as CEO and MD, Mr. Vinod K. Dasari has decided to pursue his personal interests and seek new learning. Respecting his personal decision, the Board in its meeting accepted his resignation. Mr. Dasari will continue to work in the current position until 31 March 2019, to ensure a smooth transition.
Mr Dheeraj G Hinduja, Chairman observed on behalf of the Board “I would like to place on record the contribution of Mr. Dasari in making Ashok Leyland a formidable force in the industry. He along with his leadership team steered the company to ensure significant all round performance. We wish Mr. Dasari the very best in his future endeavors”.
Mr Vinod K. Dasari, CEO & MD said, “My decision to leave is purely personal as I wish to pursue my personal interests and continue my learning journey. Fourteen years in this great company, has been an incredible experience. There were many challenges along the way, but the continuous support of the board and a committed team has helped the company achieve many laurels and set industry benchmarks. I consider it an honor and a privilege to have led this great organization over the last few years”.
To assist in business continuity and a seamless transition, the Board has requested Mr. Dheeraj Hinduja to step in as Executive Chairman (EC) with immediate effect. The Nominations and Remuneration Committee of the Board will meet shortly to decide the future course of action in identifying the next CEO and MD.