Tyre maker CEAT Ltd on Monday stated its Managing Director and CEO Anant Goenka has resigned to deal with group actions and has been named as its Vice Chairman.
The corporate’s board has additionally accredited the appointment of Arnab Banerjee, at present Chief Working Officer, as its new MD and CEO.
Goenka expressed his want handy over the cost of the corporate to a successor with a view to deal with initiatives on the group degree. Accordingly, he sought to be relieved of his duties as MD & CEO of the corporate with impact from shut of enterprise hours of March 31, 2023, whereas persevering with as a board member, CEAT Ltd stated in a regulatory submitting.
“This appointment, efficient 1st April 2023, follows Anant Goenka’s decade-long stint as MD & CEO of CEAT, a section that witnessed a big transformation of the tyre main, in know-how, branding and manufacturing capabilities,” stated the corporate in a inventory alternate submitting.
Anant Goenka, son of RPG Group Chairman Harsh Goenka, will now take up strategic capabilities on the group degree for its subsequent stage of development. Anant is an MBA from Kellogg College of Administration and a graduate in Economics from the Wharton College, College of Pennsylvania.
“Anant led CEAT by a extremely transformative ten-year interval which noticed the market capitalisation of the corporate develop from Rs 370 crore to Rs 5,800 crore. The corporate grew to become the one tyre maker outdoors Japan to obtain the coveted Deming Prize and is now the one tyre facility on the earth to obtain the Lighthouse certification by the World Financial Discussion board,” stated the corporate.
“Anant has had an thrilling time at CEAT and has been in a position to lead the corporate by a transformative section the place know-how, brand-building and capacity-creation have been the important thing themes. As Vice Chairman of the Firm, I’m positive he’ll be capable to focus extra on particular topics apart from his deeper engagement in driving new companies on the group degree. I want Arnab and his group success as they take CEAT to a brand new section of development and excellence”, stated Harsh Goenka, Chairman of CEAT and RPG Enterprises.
Arnab Banerjee has govt expertise of over 30 years throughout which he has labored in CEAT, Marico and Berger Paints. Arnab is an alumnus of the Harvard Enterprise College, IIM Kolkata and IIT Kharagpur. He joined CEAT in 2005 as Vice President, Gross sales and Advertising and marketing.
