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Business News/ Companies / People/  Chetan Maini steps down as Mahindra Reva CEO
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Chetan Maini steps down as Mahindra Reva CEO

Arvind Mathew will take over from him on 1 May, the company said

Mahindra acquired a majority in the company in 2010 and renamed it Mahindra Reva Electric Car. Photo: BloombergPremium
Mahindra acquired a majority in the company in 2010 and renamed it Mahindra Reva Electric Car. Photo: Bloomberg

Mumbai: Mahindra and Mahindra Ltd on Wednesday said Chetan Maini, chief executive officer (CEO) of Mahindra Reva Electric Car Co. Ltd, will move to a new role within the group, while Arvind Mathew, former president and managing director of Ford India Pvt. Ltd, will become the new CEO.

The changes would be effective 1 May, Mahindra said in a statement.

Reva Electric Car Co. was founded by Maini in 1994. Mahindra acquired a majority in the company in 2010 and renamed it Mahindra Reva Electric Car.

Maini will have a wider role in the group and will be responsible for incubating new technology ventures and he will lead other technology initiatives of the group, Mahindra said. He will continue to be associated with Mahindra Reva and Formula-E Racing in an advisory capacity.

“Chetan Maini has been synonymous with electric vehicle technology and his vision and expertise has been instrumental in pioneering innovations in this space," said Pawan Goenka, executive director, Mahindra. Mathew, he said will take Mahindra Reva to newer heights with his diverse international exposure, technical background and proven ability to drive innovation and growth.

A postgraduate in mechanical engineering and an MBA from the University of Michigan, Mathew comes with over two decades of experience with Ford Motor Co. He is credited with playing a major role in the development of new vehicle and power train programme for Ford India and went on to become the president and managing director of Ford India in 2005. In his last role, he was chief executive at Tata Advanced Materials Ltd.

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Published: 04 Feb 2015, 06:55 PM IST
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