Image Source: INDIA TODAY

Mahindra and Mahindra executive chairman Anand Mahindra will be stepping down from his position next year, following which he will become a non-executive chairman from April 1, 2020, announced the company.

"Delighted to announce our leadership transition plan which reflects the group's commitment to good governance. I am grateful to the board & nominations committee for conducting a diligent & rigorous year-long process that will ensure a seamless transition," Anand Mahindra said on Twitter.