Akash Passey to Chair ZF Commercial Vehicle’s Board Neeraj Sagar Appointed as ID
The Board of Directors of ZF Commercial Vehicle Control Systems India Limited has approved the appointment of Akash Passey as a Non-Executive Non-Independent Director as well as the Chairperson of the Board with effect from May 22, 2024. The Board also approved the appointment of Neeraj Sagar as an Independent Director for five years, with effect from May 22, 2024.
Both appointments are subject to the approval of shareholders.
Sunitha Rajagopalan, on February 20, 2024, resigned from her position as Regional Communications Leader of the company due to personal aspirations and career growth. The company has accepted her resignation, and she has been relieved of her duties on May 10, 2024.
Akash Passey is the President and Head of ZF Group in Region India. Passey, a seasoned industry leader, has over three decades of experience in the automotive industry. Prior to ZF, he was the Senior Vice President of Volvo Bus Corporation. He was responsible for overseeing business performance for the International Region, which included the Asia Pacific, Africa and the Middle East, China, CIS countries, and India. Throughout his career, Akash has held various positions within Volvo, including serving as a Board member of Sunwin Buses in China and as MD and CEO of Volvo Buses South Asia. He has contributed as a Senior Executive Advisor to the Swedish India Business Council (SIBC) in Stockholm.
Neeraj Sagar founded WisdomCircle (Cognity Life Inc.) in early 2022. Prior to venturing out on his own, Sagar was a senior partner at Egon Zehnder, where he led its industrial practice (including automotive) in the Asia-Pacific, Middle East, and Africa regions. He was also a trusted advisor on corporate governance. Before joining Egon Zehnder, he worked for McKinsey & Company in Singapore and the Boston Consulting Group in Chicago. Previously, he was with Schlumberger in Nigeria, the U.K., and the U.S. He began his career as a Plant Operations and Commissioning Engineer at Engineers India (EIL) in New Delhi. He has an MBA from the University of Chicago, an MS in engineering from Stanford University, and a bachelor’s degree in engineering from TKIET in India. He is on the Boards of Brainbees (FirstCry) and Globalbees. He is also the co-president of Stanford Angels and Entrepreneurs in India.
