Category : Appointment/ResignationPublished 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.
