Vipin Sondhi - Managing Director (MD) and Chief Executive Officer (CEO), Ashok Leyland has stepped down from his position. The company issued a statement saying that Sondhi has expressed his intention to devote more time to take care of certain personal and family commitments in the post COVID pandemic situation. His extended presence is required in New Delhi and consequently he has stepped down as MD and CEO with effect from December 31, 2021. Respecting his personal decision, the Board has agreed to his decision to move on.
Dheeraj Hinduja, Chairman, Ashok Leyland
Dheeraj Hinduja, Chairman, Ashok Leyland said, "I would like to place on record Vipin's significant contribution in Ashok Leyland navigating the disruption caused by the Covid19 pandemic and seeding firm actions to pursue our Vision. We wish Vipin the very best in all his future endeavors".
Vipin Sondhi, CEO & MD, Ashok Leyland said, "I consider it an honor to have led this great organization. My decision is purely a personal one as I need to take care of my personal and family responsibilities, which have become a top priority. Working with the Hinduja Family and the leadership team at Ashok Leyland has been an enriching experience. That we have been able to meet all the challenges head-on despite the global pandemic and continue on our growth path has been very satisfying."
Vipin Sondhi will fully support and facilitate a smooth management transition. To assist in business continuity and transition, Hinduja will step in as Executive Chairman with immediate effect. The Board will meet shortly to appoint the company's next CEO and MD.
