Mumbai: At its meeting on March 20, 2023, the Board of Directors of CEAT, an RPG Group company, appointed Anant Goenka as Vice Chairman of the company which will be effective on 1 April 2023, following Anant Goenka's decade-long tenure as MD & CEO.

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, son of RPG Group Chairman Harsh Goenka, will now take up strategic functions at the group level for its next stage of growth. Anant is an MBA from Kellogg School of Management and a graduate in Economics from the Wharton School, University of Pennsylvania.

As informed by the brand, Anant led CEAT through a highly transformative ten-year period which saw the market capitalisation of the company grow from Rs 370 crore to Rs 5800 crore.

“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 CEAT and RPG Enterprises chairman Harsh Goenka.

Arnab Banerjee has executive experience of over 30 years during which he has worked in CEAT, Marico and Berger Paints. Arnab is an alumnus of the Harvard Business School, IIM Kolkata and IIT Kharagpur. He joined CEAT in 2005 as VP, 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. The Board of the company had been grooming Arnab to take over the top post at the company, giving him company-wide exposure as its Chief Operating Officer.