New Delhi: ZF Group, the world’s 3rd largest automotive supplier, Thursday announced that Suresh KV will be replaced by Akash Passey, currently founding President of the bus division at VE Commercial Vehicles Ltd, (a joint venture of Volvo Group and Eicher Motors Limited). Passey will take charge on September 1, 2023. Suresh will continue with the company till October 6, 2023, enabling a smooth transition and support to his successor.
Suresh, currently Vice President and Head of ZF Group in India, has elected to step down from the helm of the company in the region to pursue other challenges. The Board of Directors has considered and accepted his request.
Suresh started his career with ZF in 2007, when he joined Hansen (a company later acquired by ZF) after various leadership positions in renowned supplier companies in India.
With 30 years of rich experience in various leadership positions in India and internationally, at Volvo and Eicher, Akash comes with a sound knowledge of the automotive industry and the Indian market. His experience, bolstered by his background in the commercial vehicles segment, will help him further develop the ZF Group´s brand value and revenues in India, and align all divisions on to a solid business growth path.
Peter Laier, Member of the Board of Management of the ZF Group, Production, India Region, Commercial Vehicle Solutions, and Industrial Technology, said, “In my short time of working with Suresh KV, he has always set himself apart as a leader with business, people, and company at the heart of his decisions. As an empathetic leader, he played a major role in consolidating ZF Groups role in the region and set the organization up for its next growth as a technology company. I wish Suresh KV the very best on his future endeavours and appreciate his contribution to the growth of ZF Group in the Region. At the same time, I am excited to welcome Akash Passey as the new President for ZF Group India. I am convinced that with his long industry experience in India and abroad, he is the ideal candidate to develop ZF Group in India further and lead the organization to even higher growth and brand recognition.”
