A replacement has been found for Raj Banerji, who resigned as Apollo Tyres’ chief financial officer after less than two months in the job. Gaurav Kumar, previously group head of corporate strategy and finance, has taken on the role and will oversee Apollo Tyres’ global accounts, finance, taxation and investor relations from the company’s headquarters in Gurgaon, India. He reports to vice-chairman and managing director, Neeraj Kanwar.
Apollo Tyres informed the BSE on 2 May that it has “reluctantly accepted” the resignation of Raj Banerji, the company’s chief financial officer. Banerji informed the tyre maker of his decision on April 30, less than three months after Apollo Tyres first announced his appointment to the role.
As reported on 6 February, Raj Banerji has succeeded Sunam Sarkar as chief financial officer at Apollo Tyres Ltd. Commenting on Banerji’s appointment, company vice-chairman and managing director Neeraj Kanwar said: “We are on the cusp of our next phase of growth globally. Having a person like Raj join our global team at this crucial time, with a strong international experience, will provide further impetus to this growth, and at the same time, contribute to the organisation’s overall financial health and stability.”
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