JK Tyre and Industries Ltd has appointed Sanjeev Aggarwal as its chief financial officer (CFO).

Aggarwal took over with effect from Monday in place of Ashok Kumar Kinra who has "ceased to be the CFO in the normal course after a long tenure", the company said in a regulatory filing.

However, Kinra will, however, continue to be with the company as a financial advisor.

Sanjeev is a CA with over 27 years of experience in finance and related functions across various sectors in large corporates.

The appointment news follows the tyre maker’s announcement of over two-fold jump in its consolidated net profit to Rs 26.89 Cr for the third quarter ended December 31, compared to Rs 11.32 Cr in the same quarter last year. Meanwhile, its revenue from operations rose to Rs 2,730.77 Cr as compared to Rs 2,123.24 Cr in the same period the previous fiscal, as per the filing.