| | DECEMBER 20238JSW Energy made an announcement stating that Sharad Mahendra is set to succeed Prashant Jain as the joint managing director and chief executive officer. Mahendra, currently the joint MD and CEO designate, will assume the leadership role from February 1, 2024, following Jain's departure on January 31. On Friday, the company's shares surged, reaching 423.70 rupees each, marking a 3.8 percent increase on the BSE at 2:30 pm. Concurrently, the broader BSE Sensex was up by 0.7 percent.JSW Energy stated that effective from February 1, 2024, Sharad Mahendra will serve as the Joint Managing Director, CEO, and a Key Managerial Person of the Company. He will officially assume the roles of CEO and MD starting from the same date. Prashant Jain had previously declared his intention to resign from the position to pursue personal endeavors. Mahendra previously held the position of CEO at JSW Steel Coated Products Limited and boasts nearly 15 years of tenure within the group.The company highlighted that during Mahendra's tenure, successful project execution led to organic capacity expansions and the acquisition and integration of two assets. Under his leadership, the business observed substantial growth in volume and market share. Mahendra initially joined JSW Energy Limited in 2017 as the Chief Operating Officer (Energy Business), overseeing power sales, mining, corporate commercial, legal, coal procurement, regulatory, and corporate affairs functions. SHARAD MAHENDRA NAMED NEXT JOINT MD & CEO AT JSW ENERGYINDIA DESIGNATED AS TOYOTA'S FRESH REGIONAL HUBIN FOCUSIN FOCUSToyota Motor Corporation, a prominent Japanese automaker, revealed a regional reorganization, incorporating India into its 'Middle East, East Asia & Oceania Region' operations and designating the country as the central hub for this new geographic setup. Masakazu Yoshimura, who currently serves as the MD and CEO of Toyota Kirloskar Motor (TKM), the joint venture between Toyota and the Kirloskar group in India, will simultaneously assume the role of Regional CEO, as stated by Toyota Motor Corporation (TMC)."At present, within the Asia Region, India holds considerable importance in the market. However, with the upcoming change, India's role will elevate significantly as it becomes a central part of the Middle East, East Asia & Oceania Region, establishing itself as the core of the newly formed 'India, Middle East, East Asia & Oceania Region' starting from January 1, 2024", stated TMC. Highlighting the growing importance of India in Toyota's global business landscape, the company emphasized that the revised organizational structure recognizes the market's expanding potential, supported by its dynamic and skilled workforce.TMC highlighted Yoshimura's promotion, noting his extensive automotive expertise spanning nearly three decades across diverse areas like product planning, pricing, sales, and marketing in countries like Japan, China, and South Africa. He assumed the role of MD and CEO at TKM in 2019. During his leadership, TKM successfully introduced products such as the Urban Cruiser Hyryder, the Innova Hycross, both featuring hybrid electric vehicle versions and the Hilux.TKM recently disclosed plans to invest Rs 3,300 crore in establishing a new plant by 2026, aiming for an annual production capacity of 1 lakh units, thereby creating approximately 2,000 additional jobs. In 2022, the Toyota group, including TKM and Toyota Kirloskar Auto Parts (TKAP), inked a Memorandum of Understanding (MOU) with the Karnataka government to invest Rs 4,100 crore. This investment aims to advance electrification efforts, hasten the transition toward eco-friendly technologies, and contribute significantly to reducing CO2 emissions.
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