Vinod Agarwal, MD & CEO, VECV, succeeds Vipin Sondhi, MD & CEO, Ashok Leyland as the new SIAM Vice President. The latter had to relinquish the post of Vice President as he resigned from his post at Ashok Leyland.
see photosVECV MD & CEO Vinod Agarwal has been elected as the new Vice President of SIAM
Society of Indian Automobile Manufacturers (SIAM) has announced the appointment of Vinod Agarwal, MD & CEO, VE Commercial Vehicles Limited (VECV) as its new Vice President. Agarwal, who was selected by the apex body, will replace Vipin Sondhi, MD and CEO, Ashok Leyland, who has served as the vice-chairman of SIAM since September 2020. Sondhi had to relinquish the post of Vice President as he had resigned as MD and CEO of Ashok Leyland. Agarwal will serve only as VP SIAM for the current financial year 2021-22, until re-elections are held.
Read also: Vipin Sondhi steps down as MD and CEO of Ashok Leyland
Vipin Sondhi had to step down as the Vice President as he has resigned from his position as the MD and CEO of Ashok Leyland.
Earlier in November, Ashok Leyland had announced that Sondhi had expressed her intention to devote more time to take care of certain personal and family commitments in the post-COVID pandemic situation. His expanded presence in New Delhi is required and as a result, he has stepped down as MD & CEO with effect from December 31, 2021. Respecting his personal decision, the Board has agreed to his decision to proceed.
Read also: Record 41.15 percent drop in passenger vehicle sales in September 2021: SIAM
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Commenting on the latest development, SIAM President Kenichi Ayukawa said, “We thank Vipin Sondhi for his valuable and active contribution and leadership as Vice President of SIAM, and wish him the best of luck in his future endeavours. We welcome Vinod Agarwal. Vice President. He is an old hand in SIAM and has taken the lead as Treasurer.”
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