Prior to assuming his present position, he served as CEAT’s Chief Operating Officer from 2018 to 2005, when he joined the company as VP of Sales and Marketing.
Leading tire manufacturer CEAT notified its investors that Arnab Banerjee has been reappointed as the company’s managing director and chief executive officer. The business went on to discuss the board’s plan to invest INR 45 lakh in Cleanwin Energy Five LLP.
Subject to shareholder approval, the re-appointment will take effect on April 1, 2025, and last for a full year. Over the course of his more than three decades in the car sector, Banerjee has held positions at CEAT, Marico, and Berger Paints.
In April, he was also chosen to serve as the new Chairman of the Automobile Tyre Manufacturers’ Association (ATMA), the main trade association for the Indian automobile tyre industry.
Prior to assuming his present position, he served as CEAT’s Chief Operating Officer from 2018 to 2005, when he joined the company as VP of Sales and Marketing.
As per the company’s exchange filings, “CEAT shall provide 26% of the contribution amount, aggregating to INR 45,00,000, in one or more tranches as per the electricity act/MERC/CERC captive power regulation, to become the sole captive member consumer of the generating company to fulfill captive compliance.”
It is anticipated that this investment will be finished by September 2024. Additionally, according to the exchange filing, Cleanwin Energy Five LLP (“Cleanwin”) is a special-purpose vehicle that will produce renewable energy from conventional and non-conventional sources and provide the company with captive power.
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