Ceat announces senior leadership changes

Mumbai, India – Ceat Ltd has appointed Anant Goenka as vice chairman of the tire making company with effect from 1 April.

Current chief operating officer Arnab Banerjee is to take over Goenka’s role as managing director and CEO, Ceat added in a 20 March announcement.

In a decade-long stint as MD & CEO, Goenka led a major transformation of Ceat which saw a 15-fold increase in its market capitalisation, noted the RPG Group-owned company.

Goenka, who is son of RPG boss Harsh Goenka, will “now take up strategic functions at the group level for its next stage of growth,” said Ceat.

“Anant has been able to lead the company through a transformative phase where technology, brand-building and capacity-creation have been the key themes,” said Harsh Goenka, chairman of Ceat and RPG Enterprises.

“As vice chairman of the company, he will be able to focus more on specific subjects besides his deeper engagement in driving new businesses at the group level,” he added.

Banerjee has executive experience of over 30 years during which he has worked in Ceat, Marico and Berger Paints, said the tire maker.

He joined Ceat in 2005 as VP sales & marketing, driving innovation in marketing, digital capabilities, sales and distribution strategy, manufacturing flexibility and supply-chain processes.