ZF Group, the world’s third largest automotive supplier, today announced that Suresh KV, currently Vice President and Head of ZF Group in India, will step down from the company's helm effective October 6, 2023.
Effective September 1, 2023, his successor and President of ZF India will be Akash Passey, currently founding President of the bus division at VE Commercial Vehicles Ltd. (a joint venture of Volvo Group and Eicher Motors).
Suresh KV 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. Under his leadership, ZF Group in India grew to 15,400 employees and saw several firsts like the establishment of the ZF Group plant at Chakan, the establishment of the corporate office, the inauguration of a larger facility for ZF Tech Center India, and the growth of the ZF Wind power. With several highs, he has steered the company through two major automotive slumps and the worldwide COVID crisis over the past two years keeping ZF Group in the region on track for growth.
With 30 years of experience in various leadership positions in India and internationally at Volvo and Eicher, Passey has a sound knowledge of the automotive industry and the Indian market. His experience, bolstered by his commercial vehicle background, will help him further develop the ZF Group´s brand value and revenues in India and align all divisions on a solid business growth path.
Dr 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 Group's role in the region and set the organisation up for its next growth as a technology company. 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 organisation to even higher growth and brand recognition.”
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