Godrej Consumer's MD & CEO Vivek Gambhir Resigns; Nisaba Godrej To Take Charge
The directorate has mentioned Nisaba to proceed as executive of the board until March 31, 2022, and have as needs be assigned her as the company Chairperson and overseeing Managing Director.
Nisaba Godrej, at present the Executive Chairperson of the organization
Godrej Consumer Products Limited has reported changes to its administration group, compelling July 1, 2020. Nisaba Godrej, at present the Executive Chairperson of the organization, will assume the extra duty of Managing Director and Chief Executive Officer. Vivek Gambhir, GCPL's current Managing Director, and CEO and one of the most generously compensated FMCG honchos in FY19 has surrendered expressing individual reasons and will be stepping down as the MD and CEO on June 30, 2020.
In a note to the trades, Godrej Consumers stated that Gambhir's abdication has been acknowledged by the top managerial staff at its gathering meeting managed on June 9th, 2020. Gambhir will keep on being board as a full-time director until September 30th, 2020.
Remarking on the changes, Nisaba Godrej stated: "I really want to thank the Board for resting their trust in me. Mankind is experiencing a troublesome scenario at this moment and GCPL is focused on doing whatever is important to serve its partners and network. I anticipate working intimately with our capable group to drive our organization ahead with clearness, difficult work, benevolence, and a solid feeling of direction, to rise more grounded on the opposite side. I likewise need to accept this open door to say thanks to Vivek for his numerous commitments to Godrej in the course of recent years. Vivek and I have had a solid association for longer than 10 years. He is somebody who has not just made a ton of significant worth for Godrej but also has been a brilliant companion and tutor to me. We wish him much success, well-being, and bliss for what's to come."
"Following 11 satisfying and awesome years with Godrej, it is the ideal opportunity for me to proceed onward in my life following the period of my excursion. For the past numerous years, I have been living far from my family and seeing them just on ends of the week. As of late, I had some medical issues that made me contemplate my way of life," Gambhir was cited as saying in the announcement. "Fortunately, I have completely recuperated. I might now want to have the option to invest more energy with my family."