Maruti Suzuki India on Tuesday announced that Arnab Roy will assume the position of CFO Designate starting from October 16, 2023. Roy is set to take over from the current CFO, Ajay Seth, who is scheduled to retire by the end of this year. According to a regulatory filing by Maruti Suzuki India, Ajay Seth shall be superannuating from the post of wholetime CFO of the company with effect from close of business hours of December 31, 2023.
“The board in its meeting held on Tuesday approved the appointment of Roy as CFO – Designate from October 16, 2023 and wholetime CFO from January 1, 2024,” it said.
After his superannuation, Seth will continue to be a Member – Executive Board (MEB), the filing said.
Roy has 26 years of experience with US, British and French MNCs handling all aspects of Finance & Accounts, the company stated.
Roy, since January 2022, has been serving as Zone Chief Financial Officer for the Greater India Region, covering all Schneider businesses. As per the filing, he earned his bachelor’s degree in Economics, Statistics and Maths from Ranchi University and further pursued Chartered Accountancy and Cost Accountancy. He also holds an Executive MBA from IIM Bangalore.Inputs from PTI
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