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Shares of Hero MotoCorp are likely to be in focus today following the resignation of Sameer Pande, the HR Head and other top executives
Hero MotoCorp Shares In Focus Today
Hero MotoCorp Share Price: Shares of Hero MotoCorp, India’s largest two-wheeler manufacturer, are trading higher today following the resignation of Sameer Pande, the HR Head for Talent Management, along with another senior executive, as reported by CNBC-TV18 citing industry sources.
The senior officials who resigned are:
- Reema Jain, Chief Information & Digital Officer and Executive Management Team member
- Sameer Pande, the HR Head for Talent Management
In addition to Pande, Reema Jain, the Chief Information & Digital Officer, is also reported to have resigned.
Sources indicate that these executives were responsible for key functions, including electric mobility and human resources. The reasons behind their departures, however, remain unclear.
Hero MotoCorp, however, has clarified that the reported information is inaccurate.
“Employee transitions are a normal part of operations in a large, dynamic organization like ours. Except when required by law, Hero MotoCorp does not comment on individual personnel changes,” the company stated.
Hero MotoCorp shares recently hit a 52-week low of Rs 3,462 per share on March 17, reflecting a decline of over 43% from their 52-week high of Rs 6,246 per share, which was recorded in September 2024.