Apollo Tyres CFO Sunam Sarkar redesignated as Chief Business Officer
India's leading tyre manufacturer Apollo today redesignated its President and Chief Financial Officer- Sunam Sarkar, to the new position of President and Chief Business Officer, and also his relocation to Singapore. The company also notified that he will continue as the CFO of the company until a replacement is announced
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In his new role, Sunam will be responsible for company's corporate strategy, integrated supply chain including raw material sourcing, production planning and logistics operations and information technology. He will oversee Greater China operations, corporate social responsibility and brand's corporate communications as well.
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 as the head the Marketing function and has undertaken stints in corporate strategy, operations and finance since then. While in 2004, he joined the Board of Directors and continues as an Executive Director.
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