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M. Ramesh

Chennai , April 4

THE month of March saw two top-level changes in Ashok Leyland, consequent upon two Executive Directors retiring.

Mr K. Sridharan, Special Director (Finance) has been made the Executive Director (Finance), following the superannuation of Mr T Ananthanarayanan.

Mr K.S. Kumar has been appointed the Executive Director (Business Planning), filling the vacancy caused by the retirement of Mr A.S. Mundkur.

The post of Executive Director (Marketing), which has been vacant ever since Mr Arun Pande quit the company in January, has yet to be filled up. "We are still looking out," a senior source in Ashok Leyland said.

Mr Ananthanarayanan, who joined Ashok Leyland in 1976 (earlier he was with the State Bank of India), will however continue to serve the company as a mentor, for some of the company's IT-related initiatives. This include a new CRM initiative and a knowledge management portal.

He told Business Line that he would also "play a role in the (Hinduja) group's activities" - he joined the IndusInd Bank's board last month. From that position, he will oversee the integration of Ashok Leyland Finance Ltd with the bank.

Mr A.S. Mundkur joined Ashok Leyland in April 2000. Earlier, he was the Managing Director of Bakelite Hylam.

His successor in Ashok Leyland, Mr K.S. Kumar, used to work with Ashok Leyland some 20 years ago. He quit the company in the early 1980s to work abroad, so this assignment for him is a "coming back".

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