Nisaba Godrej chosen as GCPL Chairperson

Adi Godrej announced Nisaba Godrej(39) as Chairperson of GCPL . With this succession plan Nisaba became the youngest woman Chairperson of any group.

Nisaba Godrej, an MBA from Harvard Business School joined Godrej Consumer Products in 2007. She is currently executive director of the company.

“Nisa has been the key architect of its (GCPL’s) success and has been directly overseeing innovation,” managing director and CEO Vivek Gambhir said. “She will now work very closely with the management to guide our next phase of growth.”

Analysts tracking the company say the move was expected.

“Given how active Nisaba already was in the company, the move was expected”, an analyst at an equities brokerage firm said on condition of anonymity. “But we did not have clarity on when it would happen. In that sense, the timing of the announcement was a little surprising.”

Godrej Consumer also recommended a fourth interim dividend worth Rs12 per share to be paid out by 31 May 2017. This brings the total dividend paid out for the year to Rs15 per share.

We wish her all the very best !!

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