Utilize the input text as a context reference, choose the right relationship between Hero MotoCorp and Pawan Munjal from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Welcoming the rate cut by RBI, Hero MotoCorp Chairman and MD Pawan Munjal said: “It has come at an opportune time as it will help in raising customer sentiment during the festival season.”

Answer: chief_executive_officer