Godrej Consumer Appoints Nisaba Godrej As New MD And CEO

Nisaba Godrej has been appointed as the new CEO and MD of Godrej Consumer, succeeding Vivek Gambhir, who recently resigned from the said positions, citing personal reasons. He will step down from both of his positions on 30th June, 2020. Nisaba, who currently serves as the Executive Chairperson of Godrej Consumer Products Limited (GCPL), will officially take over the reins of these roles from 1st July, 2020. Godrej Consumers confirmed that Gambhir’s resignation had been accepted by the Board of Directors at its meeting held on 9th June, 2020. Gambhir will continue as a full-time Director on the company’s Board till 30th September, 2020.

As per media reports, Nisaba 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”.

In a media statement, Godrej Consumers shared, “Nisaba Godrej, who is currently serving as a whole-time director has been appointed as the managing director till the conclusion of her existing term i.e. September 30, 2022. This appointment too was approved by the board at its meeting held today based on the recommendation of the Nomination and Remuneration Committee.”

The board of directors has requested her to continue as chairperson of the board until March 31, 2022, and have accordingly designated her as chairperson and managing director. The appointments are subject to regulatory provisions. Nisaba is also the chairperson of NPO – Teach for India and is placed on-board of Godrej Agrovet and VIP Industries.