Those who are likely to have resigned include Reema Jain — chief information and digital officer and member of the executive management team, Sameer Pande- (HR head for talent management), Swadesh Srivastava (CBO Emerging Mobility, Vida and chair innovation council and Dharm Rakshit— head HR and culture change.
The information reported is “factually inaccurate,” a company spokesperson said in a response to ET’s queries without being specific on the actual position of the aforementioned employees.
“The senior leadership team remains firmly with the company, and movements or exits, at the mid or junior levels are simply a routine part of operations in a large, dynamic organization like ours. Misrepresenting normal workforce shifts as anything else is misleading and does not reflect the reality of our operations,” the spokesperson added
As an organisation with a legacy of 40 years, Hero MotoCorp “has a powerhouse workforce of over 4,800+ employees— close to 70% of which have a tenure of 5-10 years, and close to 15% over 20 years —a handful of departures cannot and should not be misconstrued as an exodus,” the spokesperson added.
According to people aware of the matter, most of these resignations have taken place this week. The latest departure of key executives also comes a month after the company’s townhall—as reported by ET in its February 14 edition. Addressing its 5,000-odd employees at home and abroad during a town hall last month, Munjal had said, “I have my eyes on each one of you,” he said. The message was clear, underperformance will not be tolerated.
. This comes to the fore barely a month after Hero MotoCorp’s chief executive officer, Niranjan Gupta and Ranjivjit Singh, chief business officer, quit the company in February.
Last month, Hero MotoCorp was unseated from the no.1 position by the Japanese rival Honda Motorcycle and Scooter India. Also, for the first ever, it sold fewer two wheelers cumulatively (including exports and electric vehicles) than TVS Motor Co getting pushed to the third place.
