Vivek Gambhir MD and CEO at Godrej Consumer Products Ltd (GCPL) will step down on 30th June due to personal reasons. Nisaba Godrej, the Executive Chairperson, will take up the additional role.
Gambhir said, “After 11 fulfilling and wonderful years with Godrej, it is time for me to move on to chart the next phase of my journey. For the past many years, I have been living away from my family and seeing them only on weekends. Recently, I had some health problems that made me think more deeply about my lifestyle. Thankfully, I have fully recovered. I would now like to be able to spend more time with my family."
It has been announced that Nisaba Godrej has been appointed as Managing Director from 1 July to 30 September 2022, subject to the approval of the shareholders at the annual general meeting. She will also continue to be the Chairperson of the board till 31 March 2022 and designated as Chairperson and Managing Director.
Nisaba is the daughter of Godrej Group Chairman Adi Godrej. Gambhir will continue to be on the board as a whole-time Director till 30 September.
Nisaba Godrej said, “I would like to thank the board for reposing their confidence in me. Humanity is going through difficult times right now and GCPL is committed to doing whatever is necessary to serve its stakeholders and community. I look forward to working closely with our talented team to drive our company ahead with clarity, hard work, kindness, and a strong sense of purpose to emerge stronger on the other side.”
GCPL posted consolidated net sales of ₹9,826.51 crore for the year ended 31 March, down 3.86% from the year-ago period.
