Anant Goenka Takes Over As Managing Director, Ceat

Online, March 12, 2012 (Newswire.com) - Today CEAT, an RPG Enterprise, announced the appointment of Anant Goenka as the new Managing Director. Anant, who starts his tenure on April 1, 2012, has been the Deputy Managing Director of the company.
Paras K. Chowdhary, the incumbent Managing Director, will be retiring from the role. However, he will continue to be a whole time Director.
Congratulating Anant, Dr. R.P. Goenka, Chairman Emeritus, RPG Enterprises, said, "Anant will add lot of value to the business due to his academic background and skills he acquired working with other group firms and international companies. We are happy to have him taking charge of the company and we wish him all the best in his endeavor, to take CEAT to even greater heights."
On this occasion, Anant Goenka said, "I am honored to take charge of the company from Mr. Chowdhary, who has led this company so astutely for the last decade. My aim would be to make CEAT amongst the most profitable tyre companies in India in the next 5 years by strengthening the CEAT brand and improving operational efficiencies."
He further added, "I would like CEAT to be at the leading edge of tyre technology by focusing on Research and Development of radial tyres & development of alternate materials"
Anant Goenka 30, is an MBA from the Kellogg School of Management and a B.Sc. in Economics from The Wharton School. Prior to his MBA, he was associated with CEAT Limited (CEAT) as Head of the Specialty Tyre Business. He has also worked with Hindustan Unilever, Accenture, Mumbai and Morgan Stanley, Hong Kong. After completing his business degrees, he joined KEC International Limited (KEC) as Vice President (Corporate) in July 2007 and was in charge of Telecom Business, Business Development in North America and Integrated Planning and Monitoring of the Transmission and Distribution business. He was then elevated to the position of Executive Director-Supply Chain which includes manufacturing, procurement, planning, logistics and quality functions.
About CEAT:
CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India's leading tyre manufacturers and has a strong presence in both domestic & international markets. The company manufactures over 10 million tyres every year and enjoys a major market share in the light truck & truck tyre market. CEAT tyres, tubes and flaps are renowned for their superior quality and durability. CEAT offers the widest range of tyres to all user segments and manufacture world-class radials for all Indian vehicles including: Heavy-duty Trucks and Buses, Light Commercial Vehicles, Earthmovers, Forklifts, Tractors, Trailers, Cars, Motorcycles and Scooters, Auto-rickshaws.

About RPG Enterprises
RPG Enterprises, established in 1979, is one of India's fastest growing business groups with this year turnover touching about Rs. 15,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Tyre, Infrastructure, IT and Specialty.
For further information, please contact:
Priti Gandhi
RPG Enterprises
Mobile: 9820860627
Email: [email protected]

Archana Pradhan
Ketchum Sampark
Mobile: 9820330505
Email: [email protected]