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:

Tata Communications Ltd reports Q1 loss of Rs. 33.86 crores
JK Lakshmi Cement Ltd to announce Q1 results on August 11, 2015
Navneet Education Ltd appoints Deepak Kaku as CFO
Singer India Ltd appoints Richin Sangwan as Company Secretary
Nagpur Power & Industries Ltd to approve financial results on Aug 7, 2015
Mandhana Industries Ltd to consider financial results on Aug 13, 2015
Rashtriya Chemicals and Fertilizers Ltd Fixes Book Closure for Final Dividend & 37th AGM
OCL INDIA LTD. revises Book Closure for 2014-15 Final Dividend & AGM
Vision Corporation Ltd to consider first quarter results on Aug 7,2 015
Informed Technologies India Ltd to approve financial results on Aug 7, 2015
Rajkumar Forge Ltd to consider quarterly results on Aug 10, 2015
National Oxygen Ltd to consider financial results on Aug 6, 2015
Precision Wires India Ltd Fixes Book Closure for Final Dividend & 26th AGM
Anuh Pharma Ltd Fixes Record Date for 2:1 Bonus Issue
Dhanlaxmi Fabrics Ltd Fixes Book Closure for 23rd AGM
Take Solutions Ltd to consider financial results on Aug 7, 2015
Richa Industries Ltd Fixes Book Closure for 21st AGM
Margo Finance Limited Fixes Book Closure for 2014-15 AGM
Tata Communications posts FY15 net profit of Rs. 1.29 crores
Pidilite Industries Q1 net profit jumps to Rs. 225.53 crores
NRB Industrial Bearings Ltd to consider first quarter results on Aug 7, 2015
Tata Communications Ltd Board recommends Dividend of Rs. 5.50 for 2014-15
Dhanlaxmi Cotex Ltd Fixes Book Closure for 29th AGM
Jarigold Textiles Ltd Fixes Book Closure for 30th AGM
Prithvi Softech Ltd announces change in Directorate
Sanofi India Ltd appoints CFO
PAE Ltd announces resignation of Chief Finance Officer and Appointment of Head Finance
Aashee Infotech Limited to consider quarterly results on Aug 7, 2015
Golden Carpets Ltd to approve first quarter results on Aug 5, 2015
Indian Card Clothing Company Ltd to consider financial results on Aug 6, 2015
Shilpa Medicare Ltd to consider quarterly results on Aug 7, 2015
Sunteck Realty Ltd clarifies on fund raising plan
Medi Caps Ltd calls for Board Meeting on August 12, 2015
Escorts Ltd to announce Q1 results on August 06, 2015
Insilco Ltd restarts Plant Operations from July 28, 2015
JK Agri Genetics Ltd to consider first quarter results on Aug 7, 2015
Intellect Design Arena Ltd to divest shares in SFL Properties Pvt. Ltd
Shriram City Union Finance posts higher net profit of Rs. 147.7 crores in Q1
Fluidomat Ltd to approve quarterly results
SRF Ltd to announce Q1 results on August 06, 2015
Gujarat State Fertilizers & Chemicals Ltd Q1 PAT at Rs. 100.9 crores
Hitachi Home & Life Solutions (India) Ltd's MD resigns
RBI cancels NBFC Certificate of Registration of Microsec Financial Services Ltd
R Systems International Ltd Board to consider Second Interim Dividend for 2015
Sanofi India Ltd announces changes in Directorate
Bosch Ltd to announce Q1 results on August 11, 2015
Divya Jyoti Industries Ltd to approve quarterly results on Aug 5, 2015
ASM Technologies Ltd to consider quarterly results on Aug 14, 2015
Sai Industries Ltd to consider first quarter results on Aug 14, 2015
KEI Industries Ltd to consider 1st quarter results on Aug 6, 2015


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

disclaimer copyright © 2005 - 2014