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TVS Motor Joint MD Sudarshan Venu

TVS Motor Joint MD Sudarshan Venu

The board of TVS Motor Company has appointed Sudarshan Venu, son of Venu Srinivasan, as the Joint Managing Director of the company. As a whole-time director, Mr. Venu has already been very active in the affairs of the company. In view of this, the board has chosen to elevate him to the position of Joint Managing Director.
              Simultaneously, the board has also appointed Mr. Venu Srinivasan’s daughter Lakshmi Venu as an additional non-Executive Director of the company. These appointments are effective from September 10th. The allocation of greater role for the children of Mr. Venu Srinivasan signals a sure-footed move to prepare the organisation for the eventual rule by generation next in the family. Mr. Sudarshan Venu will be functioning under the guidance of his father. 
              Ms. Lakshmi Venu will serve as the woman director on the board in compliance with the provisions of the Companies Act, and the listing agreement, the release adds. Circumstances forced Venu Srinivasan to take over the reins of Sundaram-Clayton at the young age of 27, in 1979. Sundaram-Clayton is the holding company of two-wheeler maker TVS Motor. Now, it is the TVS Motor Company’s board’s choice that Venu Srinivasan's son Sudarshan, 25, takes over as Joint Managing Director of the two-wheeler maker, in a clear indication of the succession plan.
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