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Business News/ Companies / People/  Maruti Suzuki COO Mayank Pareek said to have quit
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Maruti Suzuki COO Mayank Pareek said to have quit

If true, Pareek's departure will be the second top-level exit in less than 3 months from Maruti

A file photo of Maruti Suzuki’s COO of sales and marketing Mayank Pareek.Premium
A file photo of Maruti Suzuki’s COO of sales and marketing Mayank Pareek.

New Delhi: Maruti Suzuki India Ltd’s chief operating officer (COO) of sales and marketing Mayank Pareek has resigned, three top company officials said, at a time the country’s largest car maker is preparing to introduce its mid-level executive sedan, the Ciaz.

Pareek did not respond to phone calls or text messages sent on his mobile phone. A company spokesperson declined to comment.

“He has put in his papers on Monday," said one of the three Maruti officials. This person worked closely with Pareek.

None of the three have personally seen the resignation letter.

The move comes ahead of the crucial launch of the Ciaz model, expected to be introduced in October, with which Maruti hopes to make its mark as a maker of large cars in competition with mid-level sedans such as the Honda City and Hyundai Verna. Maruti is known mainly as a maker of hatchbacks.

If true, Pareek’s departure would be the second top-level exit in less than three months from Maruti after Sudam Maitra, chief operating officer (supply chain), resigned in May.

On 2 May, Mint first reported that Maruti Suzuki had stripped three chief operating officers—Maitra; S.Y. Siddiqui, the COO in charge of human resources, legal affairs, finance, administration, and information technology; M.M. Singh, COO (production)—of executive powers and redesignated them as “chief mentors". Two of the executives—Singh and Siddiqui—were in charge during the labour strike that led to an outbreak of violence at its Manesar plant in 2012.

Maitra, Siddiqui, Pareek and Singh were the senior-most Indians in the Japanese-owned company besides R.C. Bhargava, who is non-executive chairman, when the changes were made.

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Published: 16 Sep 2014, 10:55 PM IST
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