Adi Godrej announces succession plan

Veteran industrialist Adi Godrej has decided to hand over the reins of Godrej Consumer Products (GCPL) to his daughter Nisaba Godrej with effect from May 10, 2017.

 Nisaba Godrej, currently the executive director of the company, will be the executive chairperson. Chairman Adi Godrej will assume the chairman emeritus position at GCPL. Vivek Gambhir will continue as managing director and chief executive officer, the company said.

Nisaba’s previous assignments within the Godrej Group have included the successful turnaround of Godrej Agrovet and the creation of a Group strategy function to oversee the Group’s portfolio. Nisaba has a BSc degree from The Wharton School at the University of Pennsylvania and an MBA from Harvard Business School.

 “It has been a privilege to serve as Chairman during a period when we have delivered strong results and transformed the company.  I am grateful to our Board for their thoughtful and planned approach to executing our succession plan. This is an opportune time to transition to a new chairperson, who will lead the company in its next phase of growth. I feel very confident that Nisa will be an outstanding Executive Chairperson,” Godrej group chairman Adi Godrej said.