Apollo Tyres announced that the Board of Directors of the Company at its meeting held on 09 February 2016, inter alia, have approved the following:
1. Postponement of Shifting of Registered Office of the Company from 31 January 2016 to 01 May 2016.
2. Appointment of Vinod Rai as Additional Director (Independent) of the Company with immediate effect. Padma Bhushan awardee Vinod Rai is the former Comptroller and Auditor General of India.
3. Appointment of Francesco Gori as an Additional Director (Non-Independent) of the Company with immediate effect. His last appointment was as the CEO of Pirelli Tyre, Gori had joined Apollo Tyres in October 2015 as Advisor for Strategy.
4. Keeping in view the increased involvement of Robert Steinmetz in the affairs of the Company, his status is changed from Independent Director to Non-Executive Non-Independent Director with immediate effect.