Managing Director and Chief Executive Officer Sangeeta Prasad has resigned from the company. The Mahindra Group company has accepted her resignation and has initiated the process of finding a successor.
Prasad has expressed her desire to pursue other interests and she will continue to be with the company till 30th June 2020, the company said in a regulatory filing while announcing her resignation.
After joining the Mahindra Group in 2008, as COO of Mahindra World City Developers, she was promoted in 2013 as CEO of the Integrated cities and Industrial clusters business.
In 2018, she became the MD & CEO of Mahindra Lifespace Developers after the company’s then Managing Director Anita Arjundas resigned from the company.
“Her leadership has propelled the Cities business and has helped chart the strategic way forward for the residential segment. As a member of the Group Executive Board (GEB) and the Co-Chair of the Group Diversity Council, Sangeeta has helped drive Group-wide initiatives. I wish her the best in her new endeavours,” said Anand Mahindra, Chairman, Mahindra Group while sharing his views on Prasad’s contributions to the company.