CEAT appoints Arnab Banerjee as CEO after Anant Goenka resigns

CEAT appoints Arnab Banerjee as CEO after Anant Goenka resigns

Daily Current Affairs   /   CEAT appoints Arnab Banerjee as CEO after Anant Goenka resigns

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Category : Appointment/Resignation Published on: March 23 2023

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  • Tyre maker CEAT Ltd has appointed Arnab Banerjee as managing director (MD) and chief executive officer (CEO) after Anant Goenka resigned.
  • Goenka sought to be relieved of his duties as MD and CEO of the company at the close of business hours of March 31, 2023, while continuing as a board member.
  • Goenka will continue to serve as chairman of the Sustainability and Corporate Social Responsibility Committee of the company.
  • Banerjee, currently the COO, has been appointed for a term of two years effective from April 1, 2023, based on the recommendation of the Nomination and Remuneration Committee and subject to members and other applicable approvals.
  • Also, he has been appointed as chairman of the Finance and Banking Committee of the company from April 1, 2023.
  • He has executive experience of over 30 years, during which he has worked in CEAT, Marico, and Berger Paints. 
  • He joined CEAT in the year 2005 as vice president, sales, and marketing.
  • He was recognised by Forbes magazine as the ‘Next Generation Business Leader of the Year’ in 2017 and as ‘India’s 40-under-40 Business Leaders’ by Economics Times-Spencer Stuart.
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