Mahindra & Mahindra on Wednesday announced a top level change at its electric car making arm, Mahindra Reva, with its CEO Chetan Maini to be replaced by ex-Ford India President and Managing Director Arvind Mathew.
Maini will move to the role incubating new technology ventures within the group. Both the new roles will be with effect from May 1, 2015, the company said in a statement.
Maini, who founded the Bangalore-based electric car maker Reva that was acquired by Mahindra in 2010, will "have a wider role in the group and will be responsible for incubating new technology ventures and he will lead other technology initiatives of the Group".
"He will continue to be associated with Mahindra Reva and Formula-E Racing in an advisory capacity," the statement added.
Commenting on the development, Mahindra & Mahindra Executive Director Pawan Goenka said: "Chetan Maini has been synonymous with electric vehicle technology and his vision and expertise has been instrumental in pioneering innovations in this space. Chetan is globally recognised for this achievement..."
Goenka further said under Mathew's leadership Mahindra Reva could reach to new heights considering with his diverse international exposure, technical background and proven ability to drive innovation and growth.
A post graduate in Mechanical Engineering and an MBA from the University of Michigan, Arvind comes with over two decades of experience with Ford Motor Company. He is credited with playing a major role in the development of new vehicle and power train programme for Ford India and went on to become the President and Managing Director of Ford India in 2005.
In his last role, he held the position of CEO, Tata Advanced Materials Ltd.
