By K Ashwin Mobile:00919920183006 Email:email@example.com
Godrej Consumer Products Limited (GCPL) today announced changes to its leadership team, effective May 10, 2017. Nisaba Godrej, currently the Executive Director of the company, will be the Executive Chairperson. Chairman Adi Godrej will assume the Chairman Emeritus position at GCPL. Vivek Gambhir will continue as Managing Director and CEO.Nisaba has been a key architect of GCPL’s strategy and transformation in 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 capitalisation has increased twenty-fold – from INR 3,000 crore to INR 60,000 crore. Under Nisaba’s leadership, GCPL has developed a very strong, engaged and ambitious team, and consistently ranked as a great place to work. She has also institutionalised design driven thinking and directly leads product development. She has served on the GCPL Board of Directors since 2011.
Nisaba is passionate about identifying and developing the talent required for the Godrej Group’s future growth. Through her oversight of the Group HR function for Godrej Industries and associate companies, she has made Godrej a more meritocratic and highly performance driven organisation, while keeping the Group’s values front and center.
She has also spearheaded the Group’s Good & Green agenda to drive more inclusive and sustainable growth. Her previous assignments within the Godrej Group have included the successful turnaround of Godrej Agrovet and the creation of a Group strategy function to oversee the Group’s portfolio. She has a BSc degree from The Wharton School at the University of Pennsylvania and an MBA from Harvard Business School.
Commenting on the announcement, Adi Godrej, Chairman, Godrej Group, 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, Executive Director, Godrej Consumer Products, 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.”