Anant Goenka turns into Vice Chairman of CEAT.
Anant Goenka-led CEAT, by way of a extremely transformative ten-year interval, noticed the market capitalisation of the corporate develop from Rs 370 crore to Rs 5,800 crore.
CEAT Limited, the flagship firm of RGP Enterprises, has introduced the important thing administration modifications and has appointed Arnab Banerjee as the brand new CEO and MD of the tyre main for 2 years. The former MD and CEO Anant Goenka will step down from his function efficient March 31. He will proceed as the non-executive non-independent director designated as Vice-Chairman of the corporate from April 1.
Arnab Banerjee, at the moment the Chief Operating Officer (COO) of CEAT, will succeed Goenka as half of the corporate’s succession plan. According to the official web site, Banerjee brings intensive administration expertise to his new place having performed a key function within the firm’s development and success through the years.
In a press release, the Chairman of CEAT and RPG Enterprises, Harsh Goenka mentioned that as Vice-Chairman of the corporate, Anant Goenka will be capable to focus extra on particular topics moreover his deeper engagement in driving new companies on the group stage.
“Anant has had an exciting time at CEAT and has been able to lead the company through a transformative phase where technology, brand-building and capacity-creation have been the key themes. I wish Arnab and his team success as they take CEAT to a new phase of growth and excellence,” Harsh added.
Anant Goenka is the son of Harsh Goenka, Chairman of RPG Group- a Rs 33,000 crore conglomerate. Anant will now take up strategic features on the group stage for its subsequent stage of development as Vice-Chairman of the corporate. Anant has finished his MBA from Kellogg School of Management and is a graduate in Economics from the Wharton School, University of Pennsylvania. In 2017, he was additionally recognised by Forbes Magazine as the Next Generation Business Leader of the Year.
Before becoming a member of CEAT, Anant labored with KEC International, the place he led features, together with provide chain and planning. He additionally gained his expertise by working in MNCs of the likes of Hindustan Unilever Limited, Accenture and Morgan Stanley. He was additionally the Chairman of the Automotive Tyre Manufacturers’ Association (ATMA) in 2013.
According to the corporate’s web site, Anant led CEAT by way of a extremely transformative ten-year interval which noticed the market capitalisation of the corporate develop from Rs 370 crore to Rs 5,800 crore. Under his management, the corporate turned the one tyre maker outdoors Japan to obtain the Deming Prize and is now the one tyre facility on this planet to obtain the Lighthouse certification from the World Economic Forum.
Read all of the Latest Business News right here
