Hero appoints Mulgund as Chief Strategy Officer

Hero MotoCorp Limited has appointed Srihari Mulgund as its new Chief Strategy Officer, effective immediately. The appointment marks a significant strategic move for the company, as Mulgund will now be classified as Senior Management under the stock exchange's listing regulations. With over 24 years of experience spanning engineering, product development, and strategy planning within the global automotive sector, Mulgund brings a wealth of knowledge to the role.

His extensive international experience includes working in the USA, Japan, China, and India, providing him with valuable cross-cultural expertise and insight into diverse automotive markets.

Prior to joining Hero MotoCorp, Mulgund served as a Partner at EY-Parthenon, where he led strategic engagements across electric vehicles, battery technology, internal combustion engine systems, supply value chains, and new-age mobility ecosystems. His prior roles at Aisin AW, FEV Inc., and as President of Ricardo Strategic Consulting, India, have further honed his strategic acumen.

Mulgund has also published thought-leadership papers on topics such as battery swapping, software-defined vehicles, alternate battery chemistry, and hydrogen internal combustion technologies.

Combining deep industry knowledge with a strong understanding of technology, market dynamics, and value creation, Mulgund will play a crucial role in shaping and advancing Hero MotoCorp's forward-looking strategic initiatives. This includes leading the House of Strategy, the company's strategic planning framework.

The appointment of Mulgund comes as Hero MotoCorp's shares surged 0.18% on the BSE, trading at Rs 5805.35 per scrip as of 09:52 on Monday.