Rahul Bajaj will become the non-executive chairman of Bajaj Auto

Bajaj Auto has announced that Rahul Bajaj, the director and executive chairman of the company, will step down from his current role and assume the role of non-executive chairman from April 1, 2020. His tenure as executive chairman is set to end on March 31.

During his five-decade-long tenure as executive chairman, Rahul Bajaj has served at the upper echelons of the two-wheeler and three-wheeler major. He took over Bajaj Auto on April 1, 1970 and was last re-appointed by the board for a five-year term in April 1, 2015. In a meeting today, the Board of Directors at Bajaj Auto also decided that Rahul Bajaj’s designation as chairman of the company from April 1, 2020, is subject to shareholder approval.