Chevrolet India has announced the appointment of Chief Financial Officer Sanjiv Gupta as the new President and Managing Director of the company in the country. He would take over the reins from Kaher Kazem, who in his new role, would become president and CEO of GM Korea. Gupta will combine his role as GM India president and managing director with his finance leadership responsibilities from September 1, 2017. Kazem thanked his leadership team and GM India employees for their professionalism and focus on implementing plans to turn around the business.
“Sanjiv Gupta is an experienced GM leader who has been a driving force behind our strategy. Sanjiv will continue to lead our plan to achieve better financial performance in India,” said GM Executive Vice President and President of GM International Stefan Jacoby. Gupta joined GM in 2003 working in critical roles in VSSM, Auto Financing, Business Planning, Corporate Finance and Treasury, and Financial Planning & Analysis in the US and Canada. In February 2012, he was promoted to Director, North America Financial Planning and Analysis; and in September 2013 was appointed Director US Sales Operations Finance. Gupta joined GM India in May 2016. The company, in May 2017, announced the discontinuation of sales and operations in the Indian market, citing deteriorating growth and low volumes.
Gupta said, “It is an honor to be leading GM India at such an important time for the business. I have the benefit of inheriting a strong leadership team. We are all aligned on turning around the financial performance and delivering an orderly business transformation that supports our customers, our employees and our partners.” “GM India’s transformation is on track,” Kazem said. “The overwhelming majority of dealers have accepted our transition package, we have begun exports of Chevrolet Beat sedans to Latin America, and our consolidation of manufacturing operations continues. This is the right time to hand over responsibility to Sanjiv, who will continue to lead the business transformation.”