Chennai, Nov 4 (PTI) Electric vehicle manufacturer Switch Mobility on Friday said its Vice Chairman and CEO Andy Palmer has offered to step down, citing personal reasons and has elevated Mahesh Babu as its new chief executive officer with immediate effect.

Palmer has requested the management to let him step down as Vice Chairman and CEO for personal reasons, the company said in a statement here.

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"To maintain continuity of strategy and execution of plans, the Board has approved the elevation of Mahesh Babu as CEO of Switch Mobility," the company said.

Dheeraj Hinduja would be assuming the role of Executive Chairman immediately, the statement said.

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"I would like to personally thank Andy for his vision and commitment since the inception of Switch and what we have achieved so far would not have been possible without his astute leadership," Hinduja said.

"Mahesh has the track record of successfully growing the business in India and I am confident that under his leadership, we can achieve the same in the UK and Europe," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)