Apollo Tyres redesignates CFO Sunam Sarkar as Chief Business Officer
New position created for the growing organisation; to be based out of Singapore
Apollo
Tyres today announced the redesignation of Sunam Sarkar, its President
and Chief Financial Officer, to the new position of President and Chief
Business Officer, and his relocation to
Singapore.
In
his new assignment Sunam will oversee Corporate Strategy, Integrated
Supply Chain including Raw Material Sourcing, Production Planning and
Logistics Operations, Information Technology, Greater
China Operations, Corporate Social Responsibility and Corporate
Communications.
Speaking of the change,
Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres Ltd
said, “Sunam has had a very fruitful stint as the CFO and has been
instrumental in greatly strengthening the Apollo balance sheet. He
continues to
lead the Strategic Planning function at Apollo and with his previous
experience in Sales, Marketing, Strategy and Finance, he is the ideal
person to develop, implement and lead Apollo’s growth strategy, where we
seek a strong presence in new geographies. He
will additionally bring his strategic acumen to play in the vital area
of Strategic Sourcing, for which we are establishing a new base in
Singapore, given how much of our raw material supplies come from that
region.”
Sunam
joined Apollo in 1999 to head the Marketing function and has since
successfully undertaken stints in Corporate Strategy, Operations and
Finance. He joined the Board of Directors in 2004
and continues as an Executive Director. He will continue as the CFO of
the company until a replacement is announced.
(ends)
For further details contact:
ROHIT SHARAN, +91 124 2721000,
rohit.sharan@apollotyres.com
About Apollo Tyres Ltd
Apollo
Tyres Ltd is a high-performance tyre manufacturer headquartered in
India. It is
built around the core principles of creating stakeholder value through
reliability in its products and dependability in its relationships. The
company has four manufacturing units in India, three in Southern Africa
and one in the Netherlands. Apollo's subsidiary
companies are Apollo Tyres Africa Pty Ltd in South Africa and Apollo
Vredestein BV in the Netherlands. India, South Africa and Europe are the
company’s three domestic markets from where products are exported to
over 100 countries. In each of the domestic markets
the company operates through a vast network of branded, exclusive and
multi-product outlets.
Apollo Tyres Ltd,
7 Institutional Area, Sector 32, Gurgaon 122001, India
T: +91 124 2721000 apollotyres.com
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Sukriti Kalra
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Senior Management Supervisor
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