Godrej Consumer Products Limited (GCPL) has announced that Adi Godrej will step down from the Board of Directors of GCPL, effective September 30, 2021. He will continue to be Chairman Emeritus of the company.
Commenting on the announcement, Adi Godrej, said, “It has been a privilege to serve Godrej Consumer Products. I am grateful to our Board for their continued guidance; to all our team members for their passion for Godrej and for helping build a company that we can all be proud of; and to our customers, business partners, shareholders, investors, and communities, for their deep partnership over the years. The foundations of our company are very strong, and I am very confident that Nisa and our leadership team will continue to build forward and create even more sustainable, long-term value for all our stakeholders.”
Nisaba Godrej, Chairperson, and Managing Director, Godrej Consumer Products, stated, “On behalf of our team at Godrej Consumer Products and our Board, I want to thank my father for his vision and guidance that has helped shape and transform our company. The values that he has taught us, combined with his disciplined, results-driven, and humble approach, will always be the core of our DNA. Our leadership team will continue to draw from this as we drive Godrej Consumer Products forward with a strong sense of purpose and ambition.”
Simultaneously, GCPL has also announced changes to its leadership team, effective September 1, 2021. V Srinivasan, GCPL’s Chief Financial Officer, and Company Secretary has resigned to pursue opportunities outside Godrej. Sameer Shah, GCPL’s current Head of Finance and Investor Relations, will take over as the Chief Financial Officer of the company.
Sameer has worked at GCPL for 15 years. He has held a number of key leadership roles including being the Chief Financial Officer of the company's largest business, the India and SAARC cluster. He has also led diverse priorities across its global portfolio, investor relations, financial controlling, ERP implementation, global financial planning and analytics, and integrating inorganic businesses like Africa. Before joining GCPL, Sameer worked at PepsiCo and General Mills.