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Rahul Bajaj steps down as chairman and non-executive director of Bajaj Auto


Rahul Bajaj on Thursday stepped down as the chairman and non-executive director of Bajaj Auto. He will be replaced by Niraj Bajaj.
Rahul Bajaj has been at the helm of the two-wheeler major since 1972 and the group for five decades. In a regulatory filing to the bourses, Bajaj Auto said that Rahul Bajaj has tendered his resignation considering his age.
At its meeting held on Thursday, the board of directors, as recommended by the nomination and remuneration committee, has approved his appointment as chairman emeritus for a term of five years from May 2021.
Last year, Rahul Bajaj had decided to give up his executive role to become a non-executive director while holding the position of the chairman. ....

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