Billionaire Anand Mahindra will transition to the role of Non-Executive Chairman at Mahindra & Mahindra (M&M) with effect from April 1, 2020, to comply with SEBI guidelines. Managing Director Pawan Goenka will be re-designated as MD and CEO from April 1. Anish Shah, the Group President (Strategy), will succeed Goenka as MD and CEO after his term ends in 2021.