TVS Motor Company inducts two new Independent Directors

TVS Motor Company (TVSM) — a leading global automaker that operates in the two and three-wheeler segments — today announced changes to its board with the appointment of two new independent directors subject to approval of the shareholders. The two new members, who will join the board as independent directors, are Chennai-based Sanmar Group Chairman Mr. Vijay Sankar, and Chairman of Shailesh Haribhakti & Associates Mr. Shailesh Haribhakti. Mr. Kuok Meng Xiong, Independent Director of the Company, will step down as independent director effective close of business hours of the ensuing Annual General Meeting 2024, owing to his increased business commitments and personal reasons. His insights over his three-year stint were invaluable and instrumental in helping script the TVSM growth story. The appointment of the two new independent directors will add valuable experience to the board and raise the company’s already rigorous corporate governance standard. Sir Ralf Speth, Chairman, TVS Motor Company said, “I warmly welcome Mr. Sankar, and Mr. Haribhakti to the TVS Board of Directors. I am confident that our two new independent directors have the credentials to guide TVS Motor to new heights. Their insight and experience will prove invaluable as we script a new chapter of success for TVS Motor. I would also like to take this opportunity to thank Mr. Kuok Meng