Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
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
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
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
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
Market Whispers
Tax Planning
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

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

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

Click here to send ur comments or to

Other Headlines:

Havells India Q1 PAT rises to Rs. 107.27 crores
Godrej Consumer Products Ltd Q1 consolidated net higher at Rs. 143.45 crores
Weizmann Ltd to consider quarterly resuls on August 8, 2014
NMDC to announce Q1 results on August 12, 2014
Karma Energy Ltd to consider quarterly results on August 8, 2014
Godrej Consumer Products Board declares Interim Dividend of Rs. 1 for 2014-15
Gail India Ltd Fixes Book Closure for Final Dividend & 30th AGM
ITD Cementation India Ltd to consider quarterly results on August 6, 2014
Rishiroop Rubber International Ltd to consider Q1 results on August 5,2 014
Puneet Resins Ltd to consider quarterly results on August 5, 2014
Asian Granito India Ltd to consider quarterly results on August 8, 2014
Jay Ushin Ltd to consider quarterly results on August 5, 2014
Corporation Bank to announce Q1 results on August 08, 2014
Gateway Distriparks Board to consider Interim Dividend for 2014-15
Jubilant FoodWorks Ltd to announce Q1 results on August 07, 2014
Bank of Baroda Q1 net profit jumps to Rs. 1361.88 crores
Kuantum Papers Ltd to consider quarterly results on August 8, 2014
Transformers and Rectifiers India Ltd to consider quarterly results on August 8, 2014
Chennai Petroleum Corporation appoints B Ashok as Director
Gail India to announce Q1 results on August 11, 2014
Gujarat Pipavav Port appoints APM Terminals' nominee Director
Lakshmi Electrical Control Systems Ltd to consider quarterly results on August 8, 2014
Fortis Malar Hospitals Ltd appoints additional director
Dena Bank to announce Q1 results on August 09, 2014
Jaiprakash Power Ventures Ltd inks pact to sell entire Hydro Power Portfolio to Reliance Power arm
Shirish Kulkarni re-appointed as Executive Director of DS Kulkarni Developers Ltd
Windsor Machines to consider quarterly results on August 4, 2014
Trident Ltd to consider quarterly results on August 6, 2014
Hexaware Technologies appoints R. Srikrishna as Chief Executive Officer
Mac Charles India Ltd Board to consider Dividend for 2013-14
V Ramesh appointed as MD of Parrys Sugar Industries Ltd
Morgan Ventures calls for Board Meeting on July 28, 2014
Circuit Systems appoints Ms. Madhu Kejriwal as independent director
INOX Leisure commences commercial operation of 4 screens at JALGAON
HCL Technologies Board to consider Interim Dividend for 2014-15
Color Chips to change name as Sphere Global Solutions Limited
Reliance Power signs exclusive MoU to acquire entire Hydro Power Portfolio of Jaiprakash Power Ventures
The Ramco Cements Ltd Q1 consolidated net falls to Rs. 35.51 crores
Jaiprakash Power Ventures Ltd Q1 net profit down to Rs. 69.15 crores
R L Gupta ceased to be Director of Jaiprakash Power Ventures Ltd
KSE Ltd to consider quarterly results on August 12, 2014
Gontermann Peipers India Ltd to consider quarterly results on August 11, 2014
TCI Developers Ltd appoints Director
Terai Tea Company Ltd appoints independent director
JK Cement appoints additional director
GEI Industrial Systems Board Meeting Postponed on July 31, 2014
Force Motors appoints MD
Sharp India Ltd to consider quarterly financial results
Sunflag Iron & Steel Company Ltd to consider Q1 results on August 5, 2014
Capital First to approve quarterly results on August 5, 2014


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

disclaimer copyright © 2005 - 2014