Schaeffler India Board Extends CEO Kadam's Term to 2027
Schaeffler India Limited announces the re-appointment of Harsha Kadam as MD & CEO, pending shareholder approval, marking a pivotal phase in the company's growth journey.
Date: March 29, 2024
Pune- Schaeffler India Limited., a motion technology company, has announced the re-appointment of Harsha Kadam as its Managing Director & CEO by the Board, pending approval from Shareholders.
Commencing on October 1, 2024, Kadam's new term will span until September 30, 2027, signifying a crucial phase in Schaeffler India’s journey to fortify its position and propel growth.
Eranti Sumithasri, Chairperson & Independent Director at Schaeffler India, expressed satisfaction, stating, "We are delighted to announce the Board's approval of Harsha Kadam's re-appointment as the Managing Director & CEO of Schaeffler India for another three-year term, starting from October 1, 2024, until September 30, 2027. With his strategic acumen and effective leadership, Harsha Kadam has significantly elevated the company's trajectory in recent years. His re-appointment underscores our confidence in his abilities, and we believe his continued leadership will drive Schaeffler India's growth and solidify our market position."
Kadam, boasting over three decades of professional experience, possesses expertise across diverse domains such as sales, manufacturing, product design, development, and business excellence.
The company highlights Kadam's pivotal role in navigating complex business landscapes, leading to remarkable growth at Schaeffler India since his arrival in 2018 as President of Industrial Business. Subsequently, he assumed the role of MD and CEO in 2019 for an initial five-year tenure. His re-appointment underscores the company's commitment to maintaining consistent leadership amidst this phase of growth and transformation.
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