Godrej Consumer Products Ltd. said on Tuesday that Vivek Gambhir, its managing director and chief executive officer, would step down on June 30 and would be replaced by Executive Director Nisaba Godrej a day later.
Gambhir, who joined the company in 2009 as chief strategy officer, will remain on the board as whole-time director till Sept. 30, the company said in an exchange filing.
“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,” Gambhir was quoted as saying in the statement. “Thankfully, I have fully recovered. I would now like to be able to spend more time with my family.”
Nisaba said: “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.”
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