Royal Tyres Group, a leader in the tyre industry, is pleased to announce the appointment of Akshay Patel as its new chief executive officer (CEO), effective 15 November 2024.
Akshay Patel’s connection to Royal Tyres started as a young student, working weekends and holidays. This early exposure fostered a passion for the business and a commitment to its mission. Since taking charge of the Commercial Division in 2018, Akshay has championed an ambitious growth strategy, spearheading expansion into new markets while staying true to the company’s commitment to quality and innovation.
Akshay shared his vision for the future, saying, “Our focus for Royal Tyres is on sustainable growth, embracing technological advancements, and strengthening our relationships with customers and partners. I am honoured to lead this esteemed company, rich with legacy and purpose. I look forward to building on our foundation while navigating tomorrow’s challenges, always upholding our core values.”
As CEO, Akshay brings continuity and stability to Royal Tyres, having already been deeply involved in high-impact decisions and strategic planning within the organisation. His innovative approach, focus on sustainability, and customer-centric philosophy are fully aligned with Royal Tyres’ core values, positioning the company for continued growth and long-term success. Under his leadership, Royal Tyres is set to embark on an inspiring new chapter that delivers even greater value to its stakeholders.
Jay Patel’s Enduring Legacy
After more than 50 years of dedicated service, Jay Patel will assume the role of chairman. His extraordinary career has included over 35 years in the Retail Motor Industry (RMI), a longstanding position as chairperson of the KwaZulu-Natal Tyre Dealers Association which later resulted in being nominated and appointed as the national chairperson, giving him a seat at the RMI Executive Board. Jay’s vision and leadership have built Royal Tyres into a trusted name, and he will continue to provide guidance in this new chapter.
“It is with immense pride that I welcome Akshay as our new CEO,” said Jay Patel. “His vision, strategic insight, and commitment to progress will drive Royal Tyres to new heights. After five decades with this company, it is a joy to see the next generation take the helm, ready to build on our legacy.”
A Legacy of Excellence
Founded in 1939 as Royal Vulcanizing, Royal Tyres has been a staple of the South African tyre industry for 86 years. Established by Raman Patel during the Apartheid era, Royal Tyres is an independent, Black-owned business that has withstood socio-political challenges, building a legacy grounded in integrity, customer service excellence, and competitive pricing. The rebranding to Royal Tyres in 2018 marked a new era, reinforcing its commitment to innovation and quality service. From humble beginnings in Durban, Royal Tyres has grown into a leading tyre distributor, known for its commitment to quality, innovation, and outstanding service. A national presence, dedicated team and efficient supply chain management allows the company to serve customers across Africa and beyond. Its history and dedication to excellence as well as a strong focus on corporate social responsibility continues to uphold its position as a trusted, respected name in the market.
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