In a regulatory exchange filing ALL has informed about appointment of Shenu Agarwal as MD and CEO of the company for five years from December 8, 2022 to December 7, 2027
Mr Agarwal was last working as president in Escorts Kubota and was CEO of their agri business (tractors) for more than seven years before joining the company. Mr Agarwal has experience in sales, marketing, R&D, project management, new business start-up, and strategic tie-ups among others. He is an alumnus of NIT, Kurukshetra and MBA from Duke University (US). We view this development as neutral for the company as on the one hand it fills the critical position, which has been vacant for over a year while on the other hand Mr Agarwal comes with little exposure towards the domestic CV space
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