After his decade-long stint as MD and CEO, which has seen Ceat transform hugely in technology, branding and production capabilities, Anant Goenka appointed vice-chairman; Arnab Banerjee, currently chief operating officer, takes charge as the new MD and CEO.
21 Mar 2023 | 4348 Views | By Autocar Pro News Desk
The Board of Directors of Ceat Ltd, an RPG Group company, has named Anant Goenka as the Vice Chairman of the tyre major. The appointment, effective April 1, 2023, follows Anant Goenka’s decade-long stint as managing director and CEO of CEAT, a phase that witnessed a significant transformation of the tyre ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
The Board of Directors of Ceat Ltd, an RPG Group company, has named Anant Goenka as the Vice Chairman of the tyre major. The appointment, effective April 1, 2023, follows Anant Goenka’s decade-long stint as managing director and CEO of CEAT, a phase that witnessed a significant transformation of the tyre major, in technology, branding and production capabilities.
The move also progresses the Board’s succession plan for the company with Arnab Banerjee, currently Chief Operating Officer, taking charge as the new MD and CEO.
Anant Goenka will now take up strategic functions at the group level for its next stage of growth. He is an MBA from Kellogg School of Management and a graduate in Economics from the Wharton School, University of Pennsylvania.
Anant led Ceat through a highly transformative 10-year period which saw the market capitalisation of the company grow from Rs 370 crore to Rs 5,800 crore. The company became the only tyre maker outside of Japan to receive the coveted Deming Prize and is now the only tyre facility in the world to receive the Lighthouse certification by the World Economic Forum.
“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. As Vice-Chairman of the company, I am sure he will be able to focus more on specific subjects besides his deeper engagement in driving new businesses at the group level. I wish Arnab and his team success as they take Ceat to a new phase of growth and excellence,” said Harsh Goenka, chairman of Ceat and RPG Enterprises.
Arnab Banerjee has executive experience of over 30 years during which he has worked in Ceat, Marico and Berger Paints. He is an alumnus of the Harvard Business School, IIM Kolkata and IIT Kharagpur. He joined Ceat in 2005 as Vice-President, Sales and Marketing. Under his leadership, Ceat has seen innovation in marketing, digital capabilities, sales and distribution strategy, manufacturing flexibility and seamless supply chain processes.
Ceat, the flagship company of RPG Enterprises, was established in 1958. Today, it ranks among India’s leading tyre manufacturers and has a strong presence in global markets. Ceat produces more than 41 million high-performance tyres a year, catering to various segments like two- and three-wheelers, passenger and utility vehicles, commercial vehicles and also off-highway vehicles.