Mahindra CIE Automotive Appoints Ander Arenaza Alvarez As CEO

, 4:11 PM IST

New Delhi: Mahindra group auto component arm Mahindra CIE Automotive has appointed Ander Arenaza Alvarez as chief executive officer with immediate effect.

In order to optimise the synergy between Mahindra CIE’s operations in India and its subsidiaries and between Mahindra CIE and CIE Automotive SA, the board has appointed Alvarez as the CEO of the company with effect from July 26, the company said in a regulatory filing.

Alvarez joined CIE Automotive group ten years ago and has managed the machining and aluminium divisions.

Shares of the company, on Tuesday, ended 0.03 per cent lower at Rs 178.15 apiece on the BSE, whose benchmark Sensex index finished down 0.42 per cent.