Leading industrial and automotive supplier, Schaeffler India Limited (BSE:505790, NSE:SCHAEFFLER) today announced that the Board of Directors approved the appointment of Harsha Kadam as Managing Director for a period of five years. Kadam will assume office effective October 01, 2019 succeeding Dharmesh Arora who will take over as Regional CEO - Asia Pacific and Executive Board Member, Schaeffler AG. Kadam joined the company in March 2018 as President, Industrial business, a role that he will continue to hold in addition to the MD role. Mr. Arora will remain a Director on the Board of Schaeffler India Ltd.

"We are very pleased to welcome Mr. Harsha Kadam as the new Managing Director. He brings with him strong knowledge and distinguished experience which will be vital as we continue our ambitious plans to grow in India and seize the opportunities this market has to offer. We also thank Mr. Arora for his exemplary leadership that culminated in successful merger of all Schaeffler entities in India and strategic development of Schaeffler India Ltd. We wish them both very best for their new and exciting roles," said Avinash Gandhi, Chairman of the Board of Directors, Schaeffler India Ltd.

In his previous assignments, Kadam was the CEO of AGI Glaspac (India) and held several positions of increasing responsibilities at SKF India. In a career spanning more than 25 years, he has led several businesses including functions like Sales, Manufacturing, Product Design and Development. He is holder of several patents and has won global awards for innovation excellence. Kadam is a Mechanical Engineer with additional qualifications in business management.

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