Godrej Consumer Products Limited (GCPL) announced significant leadership changes following its board meeting on August 11, 2026. Mr. Aasif Malbari has been appointed as the new Managing Director & Chief Executive Officer for a five-year term, effective August 12, 2026. Concurrently, Mr. Sudhir Sitapati has resigned from his positions as Managing Director & Chief Executive Officer and Director, effective August 11, 2026. Mr. Vishal Kedia will take over as Interim Chief Financial Officer.
Aasif Malbari Appointed MD & CEO
In a significant announcement on August 11, 2026, Godrej Consumer Products Limited (GCPL) revealed the appointment of Mr. Aasif Malbari (DIN: 07345077) as the new Managing Director & Chief Executive Officer. This appointment, effective August 12, 2026, is for a term of five consecutive years, subject to shareholder approval. Mr. Malbari previously served as the Chief Financial Officer and will also join various board committees.
Sudhir Sitapati Resigns
Following Mr. Malbari’s appointment, Mr. Sudhir Sitapati (DIN: 09197063) has tendered his resignation as Managing Director & Chief Executive Officer, and as a Director of the Company, effective August 11, 2026. The Board expressed gratitude to Mr. Sitapati for his contributions over the past five years.
Interim CFO Appointment
The Board has also approved the appointment of Mr. Vishal Kedia as the Interim Chief Financial Officer, effective August 12, 2026. Mr. Kedia will continue to manage his existing responsibilities as Head- Strategy, FP&A and Investor Relations while fulfilling the duties of the Interim CFO.
Authorised Personnel for Disclosures
The Board has authorised several individuals, including Ms. Nisaba Godrej, Mr. Aasif Malbari, Mr. Vishal Kedia, Mr. Virender Mittal, and Ms. Tejal Jariwala, to determine materiality and make disclosures to stock exchanges. This authorization is effective from August 12, 2026.
Postal Ballot Notice
A notice for postal ballot seeking shareholder approval for the appointment of Mr. Aasif Malbari will be circulated shortly. The Board Meeting, where these matters were approved, commenced at 3:35 PM IST and concluded by 3:45 PM IST.
Source: BSE
