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.

The wholesale is not as much as the previous year, but we have been doing much better on retail sales,” Hero MotoCorp chairman and managing director Pawan Munjal said, in response to queries on the company’s performance in terms of despatch sales in August.

Answer: chief_executive_officer