Advertising
Global Mergers, Local Ripples: Consolidations reshape India's ad land as clients seek 'single-window' partners
Two key senior executives quit Hero MotoCorp
Hero MotoCorp has witnessed the departure of two senior executives amid ongoing challenges - Reema Jain, Chief Information and Digital Officer, and Sameer Pande, HR Head for Talent Management. Their exit comes on the heels of other recent leadership departures at the two-wheeler giant.
According to sources, most of the resignations have occurred within the last two to three days, further signalling turbulence at the top management level.
Two key senior executives at Hero MotoCorp have stepped down as the company navigates growing challenges India’s largest two-wheeler manufacturer by volume.
These include Reema Jain, Chief Information and Digital Officer and a member of the executive management team, and Sameer Pande, HR Head for Talent Management.
The exits follow barely a month after the resignations of Hero MotoCorp’s Chief Executive Officer Niranjan Gupta and Chief Business Officer Ranjivjit Singh, quitting the company in February.
Hero MotoCorp has been grappling with declining sales and market share. Last month, the company was unseated by Honda Motorcycle and Scooter India as the country’s top two-wheeler manufacturer, marking a historic shift in the industry.
Furthermore, for the first time, Hero MotoCorp sold fewer two-wheelers—including exports and electric vehicles—than TVS Motor Company, pushing it down to third place in total sales volume. Hero’s overall dispatches to dealers in February declined by 17% compared to the same period last year, further compounding its struggles.
SPOTLIGHT
As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
Read MoreIN PHOTOS: At Global Pioneers Summit, visionaries chart the future of business and creativity
From the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.