Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Vivek Gambhir to takeover as MD of Godrej Consumer Products from Mr. A.Mahendran

Posted On: 2012-11-05 00:23:04

Godrej Consumer Products Limited (GCPL) has identified Vivek Gambhir, Chief Strategy Officer, Godrej Industries and its Associated Companies, as the successor to A. Mahendran, Managing Director of GCPL. Mahendran has indicated that he would like to retire when his current term expires on June 30, 2013 to devote time to his family businesses. Mahendran will continue to serve on GCPL's Board of Directors post his retirement. Over the next eight months, Mahendran and Vivek will work closely together to ensure a smooth transition of responsibilities.

Vivek joined the Godrej Group in 2009. He is responsible for enhancing the strategic capabilities within the group companies, guiding overall group strategy, conducting portfolio analysis, leading mergers and acquisitions and driving special projects.

Under Vivek's leadership, the Group's planning processes have become more robust. He helped define the CREATE portfolio strategy and the 10X10 vision for the Group. He also oversees the finance, investor relations, legal and IT functions for Godrej Industries. He leads the EVA (Economic Value Added) committee for the Group. He is the secretary of the Godrej Family Business Board (FBB). He also serves on the investment committee for Omnivore Capital, an agriculture technology focused venture fund backed by the Godrej Group.

Vivek has been very closely involved with Godrej Consumer Products Limited. He was the key architect of GCPL's 3 by 3 strategy. He leads mergers and acquisitions for the company and has been instrumental in driving GCPL's international expansion efforts. He co-led Project Neo that developed the blueprint for integrating the erstwhile Godrej Sara Lee Business with Godrej Consumer Products. He led the process for a recent PE investment in the Company. He is overseeing the integration of the Darling acquisition.

Prior to joining the Godrej Group, Vivek was a partner at Bain & Company, one of the world's leading business consulting firms. He worked with Bain in Boston, Singapore and New Delhi. He was a founding member of Bain's consulting operations in India and led the firm's FMCG practice in India.

Vivek has a MBA from the Harvard Business School and a BS (Computer Science) and BA (Economics) from Lafayette College.

Adi Godrej, Chairman of GCPL, said: "Over the last eighteen years, Mahendran has provided tremendous leadership to the Group in different roles. As Managing Director of GCPL, he successfully guided the company through the merger with Godrej Sara Lee Limited and our internationalization strategy. We are very appreciative that we will continue to benefit from his insights and experience as a member of the Board.

Given Mahendran's desire to step back from the MD's role upon the conclusion of his current term, we have put in a robust plan in place to ensure a smooth succession. Our announcement several months ahead of the leadership change reflects our commitment to sound governance practices and will ensure a seamless transition of responsibilities.

We believe that Vivek is ideally suited to lead GCPL forward. He has been a key architect of GCPL's 3 by 3 growth strategy and has played a key role in the Godrej Group's overall value creation and transformation story over the last few years. Vivek is a proven leader who has shown the ability to attract, develop and retain top talent throughout his career. We are confident that he is the right person to lead GCPL in its next phase of growth".

A. Mahendran commented: "It truly has been a privilege to be part of the Godrej Group for the last eighteen years. I believe that this is an excellent time for a leadership transition. GCPL is in very good shape strategically, operationally and financially. We have a strong management team in place that is well equipped to capitalize on the great opportunities that lie ahead. I have made my decision knowing that GCPL is in an excellent position and that we have the right team in place to take the company forward.

Vivek and I have worked very closely over the past three years and I have seen him evolve into a great leader. We have together achieved a tremendous amount, thanks to the support and commitment of the GCPL team. I have great confidence in Vivek and his ability to lead GCPL to greater successes in the future".

Vivek Gambhir added: "It is a great honour to be asked to take on the role of leading GCPL. I am very thankful to the Board for the confidence that they have reposed in me. GCPL is an extraordinary organization with a great culture, an unparalleled results track record and a very capable team. In my new role, I am excited to lead the GCPL team to build on the positive momentum and to further enhance the long term value of the company. Mahendran has inspired the company to do great things and we will build on his legacy. I look forward to working closely with Mahendran and the GCPL team over the next few months to ensure a smooth transition".

The Godrej Consumer Products Ltd stock was trading at Rs.690.40, down by Rs.33.65 or 4.65%. The stock hit an intraday high of Rs.734.65 and low of Rs.682.

The total traded quantity was 0.38 lakhs compared to 2 week average of 0.11 lakhs.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

REC's OFS gets record retail response
DLF Emporio Launches a month long SHOPPING FIESTA
Fortis Surgeons bags award for innovation and medical insights
Kerala making swift shift towards Zero Residue Farming
SBI Life inaugurates an exclusive Area office "SBI Life Bhavan" in Aurangabad
Tirupati Tyres Ltd appoints Director
TCS to announce FY15 results on April 16, 2015
Carborundum Universal Ltd Board to consider Final Dividend for 2014-15
Supreme Industries Ltd to announce Q3 results on April 24, 2015
Nominee Director resigns from Visa Steel Ltd
Sharda Motor Industries Ltd forms JV company with Toyo Seat
Eureka Industries Ltd appoints woman director
Astra Microwave Products Ltd incorporates wholly owned subsidiary in Singapore
Binayak Tex Processors Ltd appoints 2 independent directors
Steelco Gujarat Ltd forms new company
Gujarat Industries Power Company Ltd appoints L Chuaungo as Chairman
Electrosteel Castings Ltd hands over Parbatpur Coal Block
Kansai Nerolac Paints Ltd Board to consider Dividend for 2014-15
Jupiter Infomedia Ltd calls for Board Meeting on April 10, 2015
MRF LTD. to announce Q2 results on April 23, 2015
Tata Motors denies sale of stake in auto design company
Vishnu Mittal resigns as Director of Sonal Mercantile Ltd
Abhinav Leasing & Finance Ltd appoints Woman Director
Open Offer for South India Projects Ltd at Rs. 29
EPC Industrie Ltd to consider financial results on Apr 27, 2015
Hindustan Wires Ltd appoints Woman Director
M B N Rao resigns as Director of Ramco Industries Ltd
GM Breweries Ltd Fixes Book Closure for 2014-15 Dividend
HealthFore Technologies Ltd clarifies on share price rise
Tide Water Oil (India) Ltd appoints Woman Director
APM Industries Ltd Board declares Second Interim Dividend for 2014-15
Covidh Technologies Ltd rejigs committees
Silktex Ltd appoints women director
Biocon Ltd to announce FY15 results on April 29, 2015
Super Syncotex India Ltd appoints woman director
Religare Enterprises Ltd to announce FY15 results on May 29, 2015
Pincon Spirit Ltd takes over 7 liquor retail outlets in Kolkata
Jay Bharat Maruti Ltd Board to consider Dividend for 2014-15
Mold-Tek Technologies Ltd Board to consider Interim Dividend for FY 2014-15
High Ground Enterprise Ltd appoints Sonia Khenduja as Director
APM Industries Ltd appoints Women Director
Weizmann Fincorp Ltd appoints Woman Director
DLF Ltd clarifies on sale of Pune IT Park
Warner Multimedia Ltd appoints MD
Government of India increases total shareholding in IFCI to 51.04%
Sudipta Sengupta resigns as Director of GMM Pfaudler Ltd
Glenmark Pharmaceuticals Ltd arm settles pricing investigation by Texas authorities
Siti Cable Network Ltd directed to pay Rs. 33.12 crore
Texmaco Infrastructure & Holdings Ltd appoints woman director
Mukund G Diwan resigns from GM Breweries Ltd


  
Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014