Mahindra Electric Mobility Ltd (MEML) part of the Mahindra Group has announced the exit of its MD & CEO Mahesh Babu and the appointment of Suman Mishra as the new Chief Executive of the company.
Suman has been appointed as a whole-time director with effect from August 14, 2021.
She will also be the Chief Executive-designate for the Last Mile Mobility (LMM) business. She has been promoted from her current role of Senior Vice President, Business Transformation, Insights and Analytics (BIA) for the Automotive Sector, M&M. Suman will report to Rajesh Jejurikar, executive director, Auto, and Farm Sectors, M&M.
The company said Babu, who was with the company for 22 years, decided to pursue opportunities outside of Mahindra Group.
Suman is a Performance Transformation Expert with 20 years of global experience across strategy and end-to-end performance transformation across sales, manufacturing, purchasing, products, costs, and supply chain.
She joined the Mahindra Group in 2015 as Sr VP in Group Strategy Office and played a key role in shaping and implementing strategies across automotive business, Agri, Hospitality, Real Estate, and Electric Vehicles.
Speaking about the announcement, Rajesh Jejurikar, Executive Director, Auto, and Farm Sectors, Mahindra & Mahindra, and Chairperson, Mahindra Electric Mobility, said, “Mahesh has been an integral part of our growth journey over the years. He joined us in 1998 and over the last 22 years, he has significantly contributed to the organization in his various stints in Auto Product Development and then leading Mahindra Electric as CEO. I thank Mahesh and wish him all the best for his future endeavours, “
“Suman is an accomplished business leader with global experience of leading transformation projects across multiple sectors. Electric mobility is a key focus area for us, and we have put in place a robust strategy to capitalize on opportunities in Last-Mile Mobility and the launch of our Born EV platform. I am confident that Suman will help us achieve our growth targets. I wish her the best in her new role”. He added
Prior to Mahindra, she was associated with Cipla and McKinsey, where she led performance transformations and business turnaround across multiple companies.
She is an MBA from University of Michigan, Ross School of Business, and a Computer Engineer from NTU Singapore.