Business

Ashok Leyland CEO And MD Vinod Dasari To Step Down In March 2019

JAVED SAIFI | 0
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| November 14 , 2018 , 14:28 IST

Hinduja Group firm Ashok Leyland's Chief Executive Officer and Managing Director Vinod K Dasari has decided to step down in March 2019 to pursue other interests, media reported on Tuesday.

"This (resignation of Dasari) was something unexpected. The board needs time to discuss this (and find a replacement). Vinod has done an excellent job and the team in Ashok Leyland is very strong," Hinduja told media.

Dasari who served the commercial heavy vehicle maker for the past 13 years was reappointed by the company board as Managing Director and CEO for a term of five years from April 1, 2016, to March 31, 2021.

Also Read: Ashok Leyland Wins Tender For Defence Tracked Combat Vehicle

On quitting the company, Dasari said, "When we came to India 17-18 years ago, it was family decision. To come to Ashok Leyland and not go back to the United States was my family decision. So, now my family is set by God's grace and I'd been thinking about it for quite some time (about quitting)."

Dasari was a great mentor but when Hinduja was asked about if his resignation would pose a challenge to the company, Hinduja said, "there are a lot of mentorship, guidance from the board whenever needed. Of course, there are challenges, but I think, we are well within meeting the timelines."

In the month of August this year, Ashok Leyland bagged a tender for Defence tracked combat vehicles.