Maruti Suzuki appoints Arnab Roy as CFO as Ajay Seth retires

livemint.com:

Maruti Suzuki India Ltd has appointed Arnab Roy as Chief Financial Officer (CFO) of the company with effect from January 1, 2024, the country's largest carmaker said in an exchange filing today. According to the company's exchange filing, Arnab Roy will join in as CFO – Designate with effect from October 16, 2023, and as a whole-time CFO of the company from January 2024. Ajay Seth, the company's current CFO, will be superannuating from his post as the company's full-time CFO with effect from the end of business on December 31, 2023, according to the company.

After that he remains a Member of the Executive Board (MEB). Arnab is a seasoned professional with more than 26 years of experience working with US, British, and French multinational corporations in every area of finance and accounting. He has been the Greater India Region's Zone CFO since January 2022, overseeing all Schneider companies with a combined annual revenue of almost 22,000 crores.

He oversees a finance team of more than 200 individuals in the Greater India Region, as well as shared services, and serves as a director in more than 12 Schneider Companies, including one that is publicly traded, according to company's exchange filing. He has been working with the CEO to manage the company for the past 17 years as Country and Business Unit CFO, including assessing the financial implications of business decisions and regulatory implications. On Tuesday, Maruti Suzuki shares were hovering near its 52-week high levels.