Apollo president Sarkar to go from CFO to CBO

Apollo Tyres is to ‘redesignate’ Sunam Sarkar, its president and chief financial officer, to a new position of president and chief business officer. The switch will also seem him relocate to Singapore, the company said 19 Nov.

In his new role, Sunam will oversee corporate strategy, integrated supply chain, including raw material sourcing, production planning and logistics operations, IT, Greater China operations, CSR, and corporate communications.

“Sunam has had a very fruitful stint as the CFO and has been instrumental in greatly strengthening the Apollo balance sheet,” explained Neeraj Kanwar, vice chairman and managing director of Apollo Tyres Ltd.

“[Sarkar] is the ideal person to develop, implement and lead Apollo’s growth strategy, where we seek a strong presence in new geographies,” Kanwar added.  “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.”

Sarkar joined Apollo in 1999 to head up marketing and has since undertaken stints in corporate strategy, operations and finance. He joined the board of directors in 2004 and continues as an executive director. He is to continue as the CFO of the company until a replacement is announced.