“The board of directors has approved the re-appointment of Harsha Kadam as the Managing Director & CEO of Schaeffler India Limited for another three-year term from October 1, 2024, to September 30, 2027,” said Eranti Sumithasri, the company’s Chairperson & Independent Director.
Schaeffler, a German manufacturer of auto parts, announced on Friday that its board had approved Harsha Kadam’s reappointment as the Managing Director (MD) and CEO of its India division. The new appointment will take effect on October 1, 2024, and will last for three years. Kadam, who began working for Schaeffler India in 2018, was named MD and CEO of the business in October 2019 for a five-year tenure. His re-appointment is subject to the company’s shareholders’ approval.
“The board of directors has approved the re-appointment of Harsha Kadam as the Managing Director & CEO of Schaeffler India Limited for another three-year term from October 1, 2024, to September 30, 2027,” said Eranti Sumithasri, Chairperson & Independent Director at Schaeffler India. Over the past few years, Kadam has effectively guided the company with his strategic vision and leadership. Re-appointing him as MD and CEO for an additional term, according to Sumithasri, shows the corporation believes in his ability.
“We are confident his continued leadership will drive Schaeffler India’s growth and strengthen our position in the market,” she added.
As per the company, Kadam has more than thirty years of experience in driving businesses towards profitable growth. His expertise is spread across multiple disciplines, such as sales, manufacturing, product design and development, and business excellence.
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