Rahul Bajaj

Photo Credit: Wikipedia

Rahul Bajaj to step down from executive role, to stay as non-executive Chairman

NEW DELHI : Bajaj Auto’s long serving Chairman Rahul Bajaj will step down from executive role to become a non-executive director while continuing to hold his current position, the company said on Thursday.

Bajaj, who has been a director of the company since April 1, 1970, was last reappointed by the board for a five-year term with effect from April 1, 2015, and his term as executive chairman is expiring on March 31, 2020, the company said in a regulatory filing.

Source: Livemint