Rampraveen Swaminathan to succeed Pirojshaw Sarkari (Phil) as CEO of Mahindra Logistics Ltd (MLL) effective October 1st 2019

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Pirojshaw Sarkari (Phil), will be moving to another significant role within the Mahindra group.

Chandigarh, July 10, 2019: Mahindra Logistics Ltd.(MLL), one of India’s largest 3PL solutions providers, announced today that its Board of Directors has appointed Mr.Rampraveen Swaminathan as its next Chief Executive Officer effective October 1st 2019. The current CEO, Mr.Pirojshaw Sarkari (Phil), will then be moving to another significant role within the Mahindra group.

The appointment comes at the end of a detailed search undertaken by the Board as a part of the succession planning process.

Mr. Rampraveen Swaminathan will join MLL as CEO-Designate and will work closely with Mr. Sarkari to ensure a smooth transition. Mr. Swaminathan will take over as CEO from October 1st 2019.

Commenting on the appointment of Mr. Swaminathan, Mr. Zhooben Bhiwandiwala, Chairman of the Board said, “We are delighted to welcome Mr. Swaminathan as the next CEO of MLL. He has two decades of relevant industry experience spanning Automotive, Paper and the Energy sectors. He has a strong track record of leading businesses, including having been CEO & MD of International Paper APPM, which is a publicly listed company. The Board believes that he is the right person to lead MLL in the next phase of our growth. The Board wishes to place on record its sincere appreciation of the outstanding contribution of Mr. Sarkari for his leadership over the last decade in growing Mahindra Logistics into a position of industry leadership and for his continuing support during this transition. Mr. Sarkari will move into a significant leadership role within the Mahindra Group as part of our leadership rotation and talent development process”

Mr. Darius Pandole, Chairperson of the Nomination & Remuneration Committee, stated, “After a comprehensive search effort, we are pleased to appoint Rampraveen as the CEO. He was the top choice from a pool of highly qualified candidates. With his strong track record and extensive experience, we believe, we have the right person to lead MLL”

Date: 
Wednesday, July 10, 2019