Auto-maker Mahindra & Mahindra has promoted Pawan Goenka as Executive Director of the company for a period of 5 years, with effect from Monday.
Before this, Goenka was President of Automotive and Farm Equipment sectors, a position he held since April 2010.
"He will now be designated Executive Director and President (Automotive and Farm Equipment sectors)," Mahindra & Mahindra said in a filing to Bombay Stock Exchange.
Commenting on the development, Mahindra Group Chairman Anand Mahindra said: "Pawan has played an integral role in transforming the Group's automotive product development capabilities, and has provided growth and strategic direction to both automotive and tractor businesses. I am confident he will add tremendous value to the Board by providing fresh insights and invaluable guidance on key issues facing the company."
Goenka has been responsible for the development of several new products including the Scorpio SUV, the company's statement said.
"I am truly honoured and delighted to join the Mahindra Board... I look forward to the future with a greater sense of responsibility, and will strive to contribute my best to meet the long-term aspirations of all stakeholders," Goenka said.