Nisaba Godrej appointed Chairperson of Godrej Consumer Products; Adi Godrej becomes Chairman Emeritus

In a major change in leadership levels at

Godrej Consumer Products

(GCPL), Nisaba `Nisa' Godrej, the daughter of patriarch Adi Godrej, will be the executive chairperson of the company with effect from May 10 this year. Adi Godrej is set to assume the role of chairman emeritus at

GCPL

, while

Vivek Gambhir

continues as Managing Director and CEO.

Nisa Godrej, who is currently the executive director of the company, has been a key architect of GCPL’s strategy and transformation over the last decade. In 2007 she initiated and led Project Leapfrog, which created a playbook for GCPL to accelerate domestic organic growth through innovation and consolidation, and to become a more global company by investing in emerging markets outside of India. Over the last ten years, GCPL’s market capitalization has increased twenty-fold - from Rs 3,000 crore to Rs 60,000 crore. Nisa, who served on the GCPL Board of Directors since 2011, has also institutionalized design driven thinking at the firm, and she directly leads product development.

In a statement, Adi

Godrej

said, “It has been a privilege to serve as Chairman during a period when we have delivered strong results and transformed the company. I am grateful to our Board for their thoughtful and planned approach to executing our succession plan. The foundations of GCPL are extremely strong. This is an opportune time to transition to a new Chairperson, who will lead the company in its next phase of growth. I feel very confident that Nisa will be an outstanding Executive Chairperson. Over the last decade, I have worked closely with her and seen her deliver tremendous results. She is an inspiring leader who will always uphold our values. I will continue to serve the GCPL Board and contribute in whatever way I can to GCPL’s success and long term growth.”

Nisaba Godrej

said, “I am honoured to assume the chairpersonship of this wonderful company. I want to thank the Board for their confidence in me. I promise to serve all GCPL’s stakeholders whole heartedly and assure them that the values our Chairman has taught us, combined with his disciplined, results driven, and humble approach, will always be the core of our DNA. I look forward to the continued guidance of the Chairman Emeritus to our Board, Vivek and me, as we drive GCPL forward with deep ambition, hard work and a strong sense of purpose.”