Hero MotoCorp faces executive resignations impacting shares

Shares of Hero MotoCorp may see changes today after the resignation of Sameer Pande, the HR Head, along with four other senior executives. This news could influence the stock, which fell by nearly 0.7% and ended close to its daily low. The other executives who resigned include Reema Jain, the Chief Information & Digital Officer; Swadesh Srivastava, the Chief Business Officer for Emerging Mobility; Dharm Rakshit, the Head of HR; and Chandrasekar Radhakrishnan, who led Business Growth for Emerging Mobility. The reasons for their departures have not been made public. These resignations follow the recent announcement that the company’s CEO, Niranjan Gupta, will leave, with his last day set for April 30. Vikram Kasbekar, the Executive Director of Operations, will step in as Acting CEO starting May 1. Hero MotoCorp has been under scrutiny for its corporate governance practices since 2023. However, a recent investigation by the Ministry of Corporate Affairs found no evidence of misconduct. Shares of Hero MotoCorp hit a 52-week low of Rs 3,462 per share on March 17, marking a decline of over 43% from their highest point of Rs 6,246 in September 2024.