Rahul Bajaj resigns as Chairman of Bajaj Auto

Bajaj Auto on Thursday introduced that Rahul Bajaj has resigned because the non-executive director and chairman of the corporate. He has been appointed as Chairman Emeritus of the auto main for a time period of 5 years with impact from May 1.
In an change submitting, the corporate stated that Niraj Bajaj, Non-executive Director of Bajaj Auto has been appointed as its chairman with impact from May 1.
Bajaj Auto stated that Rahul Bajaj, who has been on the helm of the corporate since 1972 and of the Bajaj Group for 5 a long time, has tendered his resignation contemplating his age. His resignation will come into impact from shut of enterprise hours on April 30, 2021.

“Shri Rahul Bajaj has made a huge contribution to the success of the Company and the Group over the last five decades. Considering his tremendous experience and in the interest of the Company and to continue to benefit from his experience, knowledge and wisdom from time to time in an advisory role and as a mentor, the Board of Directors at its meeting held today and as recommended by Nomination and Remuneration Committee has approved the appointment of Shri Rahul Bajaj as Chairman Emeritus of the Company for a term of five years with effect from 1 May 2021,” the corporate assertion stated.
This shall be taken up on the ensuing annual basic assembly for the approval of the shareholders, the corporate stated.