Veteran industrialist Adi Godrej will step down as chairman in addition to from the board of administrators of Godrej Industries Ltd, passing on the baton to his youthful brother Nadir Godrej, efficient October 1, in keeping with an organization assertion.
The 79-year-old industrialist will proceed to function chairman of the Godrej Group and chairman emeritus of GIL, stated the assertion.
‘Nadir Godrej, who’s at present managing director of GIL, will take over as chairman and managing director of the corporate,’ it added.
GIL is a holding firm of the Godrej Group. It has vital pursuits in client items, actual property, agriculture, chemical compounds and monetary companies by means of its subsidiary and affiliate corporations, throughout 18 international locations.
Adi Godrej has served GIL for nearly 4 many years.
‘It has been a privilege to serve Godrej Industries for over 4 many years, throughout which we now have delivered robust outcomes and reworked our firm,’ stated Adi Godrej.
He thanked the board for its help and steering, his staff members, enterprise companions, shareholders, traders, and communities, for his or her continued partnership.
‘I’m very assured that our greatest years are forward of us, and I look ahead to Nadir and our staff reaching our thrilling aspirations,’ Adi Godrej.
In the assertion, Nadir Godrej thanked his brother for his imaginative and prescient and management, which formed the corporate.
‘On behalf of our staff at Godrej Industries and our board, I need to thank our chairman for his imaginative and prescient, values and distinctive management that has guided and formed our firm.
‘Our management staff is dedicated to constructing ahead on these foundations; persevering with to serve our individuals and communities, and creating long-term worth for all our stakeholders,’ stated Nadir Godrej stated.
On August 4, Adi Godrej introduced to step down from the board of group’s FMCG arm, Godrej Consumer Products Ltd (GCPL), efficient subsequent month.
In GCPL, he already handed on the baton to his youthful daughter Nisaba Godrej in 2017 as chairman. But, he’ll stay as chairman emeritus of the FMCG agency.
(PTI)