Godrej Consumer’s MD and CEO Vivek Gambhir resigns, Nisaba Godrej appointed as new Managing Director and Chief Operating Officer
Godrej Consumer Products Managing Director and CEO Vivek Gambhir has resigned from the company citing personal reasons with effect from the close of business hours on June 30, 2020.
In a note to the exchanges, the company said that Gambhir’s resignation has been accepted by the Godrej Consumer Products board of directors at its meeting held on 9 June 2020, Nisaba Godrej, the Executive Chairperson will take up the additional role.
Vivek Gambhir will continue to be on the board as a whole-time director until September 30, 2020.
Godrej Consumers said, “Nisaba Godrej has been appointed as Managing Director from 1 July 2020 to 30 September 2022. She will also continue to be the chairperson of the board till 31 March 2022.” The appointments are subject to regulatory provisions.
The board of directors has requested her to also continue as Chairperson of the board until March 31, 2022, and have accordingly designated her as Chairperson and Managing Director.
Nisaba is the daughter of Godrej Group chairman Adi Godrej.