Vivek Gambhir quits, Nisaba Godrej to take charge at GCPL
New Delhi, June 9: FMCG major Godrej Consumer Products Limited (GCPL) on Tuesday said its managing director and chief executive Vivek Gambhir has resigned citing "personal reasons". Gambhir will step down from the position on June 30.
Nisaba Godrej, currently the executive chairperson of GCPL, will assume the charge of MD and CEO of the company with effect from July 1, 2020, according to a company statement.
Gambhir, who had joined Godrej Group in August 2009, was elevated as the MD and CEO of the company in July 2013.
On his decision to resign, Gambhir said: "After 11 fulfilling and wonderful years with Godrej, it is time for me to move on to chart the next phase of my journey. For the past many years, I have been living away from my family and seeing them only on weekends... Recently, I had some health problems that made me think more deeply about my lifestyle. Thankfully, I have fully recovered."
On the whole development, Nisaba said: "I also want to take this opportunity to thank Vivek for his many contributions to Godrej over the past 11 years. Vivek and I have had a strong partnership for over a decade. He is someone who has not only created a lot of value for Godrej, but has also been a wonderful friend and mentor to me. We wish him much success, health and happiness for the future.
Nisaba was elevated as executive chairperson of Godrej group's FMCG arm in May 2017. GCPL is an over $1.5 billion company having presence in over 90 countries.