Godrej Consumer Products (GCPL) said that its board has approved the appointment of Aasif Malbari as chief financial officer (CFO) of the company, effective 10 August 2023.

Aasif is currently CFO of Tata Passenger Electric Mobility Limited and Director of Tata Motors Passenger Vehicles Limited. Sameer Shah, GCPL's current CFO, will move to a Group role leading consumer investments.

Aasif has been an integral part of the leadership team at Tata Motors since joining in 2018. Prior to that he worked at Hindustan Unilever Limited. He is a chartered account and company secretary and secured the All India First Rank in both the CA intermediate and final. He graduated from Sydenham College, University of Mumbai.

Over the 23 years of his career, Aasif has worked in roles ranging from business partnering, buying, planning & logistics, controllership, treasury, investor relations to group performance management, which have provided him with great experience in multiple FMCG segments in India and across the globe.

Separately, the company announced that its board has approved the nomination of Shalini Puchalapalli as Independent Director, effective November 14, 2023. Narendra Ambwani, Independent Director, will retire in November 2023, after serving for 12 years on the GCPL board.

She will be the sixth woman director on the GCPL board, taking the representation of women directors to 50% when she joins the board.

Shalini is managing director and country head for Google Customer Solutions, where she is building the digital ecosystem for India. Her previous roles include category director with Amazon India and CEO for Lehar Foods Business for PepsiCo. Shalini did her bachelors in engineering from IIT, Madras, Personnel Management from XLRI, and MBA from INSEAD.

Godrej Consumer Products (GCPL) is part of the Godrej Group of companies. Currently, GCPL's standalone business includes household insecticide (HI), toilet soaps, hair colourants, air fresheners, toiletries, and liquid detergents. Over the past decade, GCPL has undertaken several overseas acquisitions to build its presence in key emerging markets outside India, with the focus on Asia, Africa, the US and Latin America in the product categories of personal wash, hair care and home care.

The company's net profit jumped 24.5% to Rs 452.14 crore on 9.6% rise in net sales to Rs 3,172.21 crore in Q4 FY23 over Q4 FY22.

The scrip rose 0.11% to currently trade at Rs 1053.95 on the BSE.

Powered by Capital Market - Live News