Mumbai: The JCB Group today announced the appointment of Deepak Shetty (age 48) as Deputy CEO and Managing Director of JCB India Limited. Deepak has been with JCB for over 10 years in various leadership roles. He makes this transition after having been the Executive Vice President Sales, Marketing, Product Support and Business Development for India and the South Asia region; a role he held for two years. Prior to this he was the Managing Director of JCB’s Global Excavator business in the UK for four years.
Beginning next year, Deepak will take over as MD and CEO from Subir Kumar Chowdhury (age 61), who has announced his retirement after having been with JCB India for close to 15 years. Subir has played a significant part in JCB India’s growth journey, expanding from one factory to five today.
Commenting on the appointment, JCB Group CEO Graeme Macdonald said: “India continues to be an important market for the Group. As part of our succession planning, we are pleased to appoint Deepak in this very challenging role. His experience in various leadership positions in India and the UK, will help JCB India enter a strong and sustained phase of growth in the Indian construction equipment market. On behalf of the JCB Group, I wish Subir well for his retirement at the end of this year”