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Mahindra LOGISTICS
Maltindra Logistics Limited Unit Na_ 3 & 4, 7" Floor,
Techniplex 2.. Tecimiplex Complex, Veer 5 avarkar Marg, Goreguon
(West)._ S timbal - 400 062
Tel : + 91 22 23713300 Toil Free 1300 258 6737 Makinci
ralogistirsx orn
Regd Office tylahindra Towers, P. K. Kume Chow Worli. Mumbai -
400 018
L63000M112007PLC17346.6
Our Ref: MLLSEC/132/2019
10 July 2019
To,
BSE Limited, (Security Code: 540768)
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai-400 001
National Stock Exchange of India Ltd., (Symbol: MAHLOG)
Exchange Plaza, 5th Floor,
Plot No. C/1. “G” Block,
Bandra -Kurla Complex, Bandra (East),
Mumbai – 400 051
Dear Sirs,
Sub: Outcome of Board meeting - Disclosure under Regulation 30
of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing
Regulations”): Appointment of Key Managerial Personnel
Appointment of Mr. Rampraveen Swaminathan as Chief Executive
Officer and Key Managerial
Personnel of the Company w.e.f. 1st October 2019:
Pursuant to Regulation 30(6) read with Schedule III of the
Listing Regulations, we hereby inform you
that the Board of Directors of the Company, at their Meeting
held today i.e. Wednesday, 10th July 2019,
basis the recommendation and approval of the Nomination and
Remuneration Committee, has approved
the appointment of Mr. Rampraveen Swaminathan as Chief Executive
Officer (“CEO”) and Key Managerial
Personnel (“KMP”) of the Company with effect from 1st October
2019 , in terms of the provisions of Section
2(51) and Section 203 of the Companies Act, 2013. In order to
ensure a smooth transition, he will join as
‘CEO Designate’ w.e.f. 18 July 2019 and assume the position of
CEO effective 1st October 2019 and will
succeed the existing CEO, Mr. Pirojshaw Sarkari (Phil).
Mr. Pirojshaw Sarkari would thereon be taking up significant
leadership role within the Mahindra Group
as part of its leadership rotation and talent development
process. The Board places on record its sincere
appreciation for his outstanding contribution and leadership
over the last decade in growing Mahindra
Logistics into a position of Industry leadership.
Other details with respect to the above change in KMP as
required under Regulation 30(6) read with
Schedule III Part A Para A(7) of the Listing Regulations and
SEBI Circular CIR/CFD/CMD/4/2015 dated
9 September 2015 are attached as Annexure A to this letter.
A Press Release being released in this regard is also enclosed
herewith as Annexure B.
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Mahindra LOGISTICS
This information is also being uploaded on the website of the
Company: www.mahindralogistics.com
Kindly take the same on record and acknowledge receipt.
Thanking you,
Yours faithfully,
For Mahindra Logistics Limited
Brijbala Batwal
Company Secretary
Enclosures: As above
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http://www.mahindralogistics.com/
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Mahindra LOGISTICS
Annexure A
Details with respect to changes in Key Managerial Personnel of
the Company as required under Regulation 30(6) read with Schedule
III Part A Para A(7) of the Listing Regulations and SEBI
Circular CIR/CFD/CMD/4/2015 dated 9 September 2015:
Appointment of Mr. Rampraveen Swaminathan, as Chief Executive
Officer (“CEO”) and Key Managerial Personnel (“KMP”) of the Company
w.e.f. 1st October 2019, who will succeed the existing CEO, Mr.
Pirojshaw Sarkari.
Sr. No
Details of events that needs to be provided
Information of such event(s)
1. Reason for change viz. appointment, resignation, removal,
death or otherwise;
Mr. Rampraveen Swaminathan, has been appointed as ‘CEO
Designate’ of the Company with effect from 18 July 2019. He shall
assume the office of ‘CEO’ and ‘KMP’ of the Company with effect
from 1st October 2019, succeeding the existing CEO, Mr. Pirojshaw
Sarkari. Mr. Pirojshaw Sarkari would then be taking up significant
leadership role within the Mahindra Group as part of its leadership
rotation and talent development process.
2. Date of appointment/cessation (as applicable) Term of
Appointment
Date of appointment of Mr. Rampraveen Swaminathan as CEO and
KMP: With effect from 1st October 2019. NA Date of cessation of Mr.
Pirojshaw Sarkari as CEO and KMP: Mr. Pirojshaw Sarkari will cease
to act as CEO and KMP of the Company w.e.f. close of business hours
on 30th September 2019.
3. Brief Profile (in case of appointment)
Mr. Rampraveen Swaminathan has two decades of relevant Industry
experience spanning Automotive, Paper and energy sectors. He has a
strong track record of leading businesses including as CEO and MD
of International Paper APPM, a publicly listed Company. He has done
his MBA in Finance and Strategy, TA Pai Management Institute, India
and holds a bachelor’s degree in accounting, from the University of
Bangalore. His other stints include positions with the Tata group,
Cummins and Schneider.
4. Disclosure of relationships between directors (in case of
appointment of a director)
Not Applicable
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mahindra LOGISTICS
ANNEXURE B
Mahindra Logistics Ltd. Corporate Office: 1A & 1B, 4th
Floor, Techniplex 1, Techniplex Complex, Veer Savarkar Flyover,
Goregaon West, Mumbai – 400062
CIN: L63000MH2007PLC173466
Press Release
Mr. Rampraveen Swaminathan to succeed Mr. Pirojshaw Sarkari
(Phil) as CEO of Mahindra
Logistics Ltd (MLL) effective October 1st 2019
Mumbai, 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 appointment comes at the end of a detailed search undertaken
by the Board as a part of the succession planning process. The
current CEO, Mr. Pirojshaw Sarkari (Phil), will then be moving to
another significant role within the Mahindra group. 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”
- ENDS -
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Mahindra LOGISTICS
About Mahindra Logistics
Mahindra Logistics Limited (MLL) is a portfolio company of
Mahindra Partners, the USD 1 billion private equity division of the
USD 20.7 billion Mahindra Group. MLL is an integrated third-party
logistics (3PL) service provider, specializing in supply chain
management and people transport solutions. Founded more than a
decade ago, MLL serves over 400 corporate customers across various
industries like Automobile, Engineering, Consumer Goods and
E-commerce. The Company pursues an “asset-light” business model,
providing customised and technology enabled solutions that span
across the supply chain and people transport operations.
For more information, visit www.mahindralogistics.com
About Mahindra Partners
Mahindra Partners is the 1 billion USD Incubation, Private
Equity & Venture Capital division of the Mahindra Group. Its
mission is to accelerate value creation through a diversified
global portfolio of emergent businesses. The portfolio spans across
multiple industries like logistics, steel processing, renewable
energy, conveyor systems, retail, infrastructure consulting and
skill building, luxury boat manufacturing and media. It has
recently expanded operations in U.S. by investing in the IoT and
shared mobility space.
For more information, visit www.mahindrapartners.com
About Mahindra
The Mahindra Group is a USD 20.7 billion federation of companies
that enables people to rise through innovative mobility solutions,
driving rural prosperity, enhancing urban living, nurturing new
businesses and fostering communities. It has a leadership position
in utility vehicles, information technology, financial services and
vacation ownership in India and is the world’s largest tractor
company, by volume. It also enjoys a strong presence in
agribusiness, components, commercial vehicles, consulting services,
energy, industrial equipment, logistics, real estate, steel,
aerospace, defence and two wheelers. Headquartered in India,
Mahindra employs over 240,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and
Facebook: @MahindraRise
For more information please contact:
Yogesh Patel (CFO) Prasanna Pahade (Chief Strategy Officer)
Mahindra Logistics Ltd. Mahindra Logistics Ltd.
Tel: +91 22 2871 6814 Tel: +91 22 2871 6809
Email: [email protected] Email:
[email protected]
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