CIE Automotive India Limited announced that basis recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has at their meeting held on 12th December, 2023 noted and approved the following changes in the Key Managerial Personnel viz. Chief Executive Officer - Forgings and Bill Forge Divisions: Mr. Hari Krishnan, Chief Executive Officer ­ Forgings and Bill Forge Divisions expressed his desire to demit his executive responsibilities of the Company, with effect from 31st March 2024, for his personal reasons. The NRC and the Board reviewed the succession and transition plan and have approved the appointment of Mr. Sunil Narke as the Chief Executive Officer ­ Forgings Division with effect from 1st April, 2024.

The Forgings and Bill Forge Division of the Company have Forging as its manufacturing technology and hence, both these divisions shall henceforth be regarded as Forgings Division. With effect from 1st April, 2024, Mr. Sunil Narke shall head and be responsible for the business and operations of all forging technologies plants of the Company in India, situated in Pune, Bangalore, Coimbatore, Haridwar and Hosur. Mr. Sunil Narke (49 yrs.) has an extensive experience spanning 26 years within automotive sector in India and Europe.

He has extensive experience across key functions including industrial/process engineering, plant operations, business development as well as technology transfer from Europe. Sunil joined CIE Automotive India Ltd. (CIE India) as `Vice President Operations & Special Projects' for `CIE Forging, Chakan' in 2018. He became `Chief Operating Officer' of `CIE Forging, Chakan' in 2019.

Prior to joining Sunil worked with Anand Group, Raymonds, TI Murugappa, and Mahindra & Mahindra. Sunil holds an Engineering Degree in Mechanical from College of Engineering & Technology Pune University. He has also done the `Visionary Leaders for Manufacturing' (VLFM) programme from Japan and the prestigious `Oxford Advanced Management and Leadership Programme' (OAMLP) from University of Oxford, United Kingdom.