Hero MotoCorp Appoints Sunil Kant Munjal as Jt MD

Two-wheeler maker Hero MotoCorp (formerly Hero Honda) on Thursday said it has appointed Sunil Kant Munjal as Joint Managing Director of the company. In a filing to the Bombay Stock Exchange (BSE), the company said Munjal has been appointed to the post for a period of five years with effect from August 17, 2011. The company said its board of directors has appointed Munjal "by way of passing a Resolution by Circulation on August 17, 2011". Last week, the company launched its new brand identity after ending a 26-year-old JV with Honda. In December last year, the B M Munjal family, had agreed to buyout the entire 26% stake of Honda in Hero Honda for . 3,841.83 crore.