 "Vivek Gambhir resigns as GCPL managing director, Nisaba Godrej to take over")
Godrej Consumer Products (GCPL) Managing Director (MD) and CEO Vivek Gambhir has resigned from the company citing personal reasons. His last day will be June 30, bringing to an end an 11-year tenure with the Godrej group.
GCPL Chairperson Nisaba Godrej will take up the additional role of MD, effective July 1. A former partner at Bain and Co in India, Gambhir, 51, joined the Godrej Group in 2009, driving the mergers and acquisitions in the company as chief strategy officer.
He took over as GCPL's MD and CEO in July of 2013, succeeding A Mahendran, who retired on June 30, 2013. Godrej, who is currently serving as a whole-time director, has been appointed as MD till the conclusion of her existing term i.e. September 30, 2022, the company said.
The appointment was approved by the board at its meeting held on Tuesday, with Godrej redesignated as chairperson and MD, the firm said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%