GCPL: Aasif Malbari Appointed CEO, Sudhir Sitapati Steps Down

New Delhi, Aug 11 (PTI) Sudhir Sitapati has stepped down as Managing Director and Chief Executive Officer of Godrej Consumer Products Ltd (GCPL), and the company has appointed Aasif Malbari, currently its Global Chief Financial Officer and President Godrej Africa, as the new MD and CEO with immediate effect.

The Board of Directors of the FMCG arm of Godrej Industries Group (GIG) has approved the appointment of Malbari, who has been serving the company as the Chief Financial Officer, as an Additional Director (Executive, Non-Independent) for a term of five consecutive years, subject to shareholders' approval.

The Board has also appointed Vishal Kedia as the company's Interim Chief Financial Officer.

Sitapati had joined GCPL in October 2021 and was at the company's helm for almost five years, which owns brands such as Good Knight, HIT, Cinthol etc.

An IIM Ahmedabad alumnus, Sitapati had joined GCPL from HUL, where he worked for more than 22 years.


Announcing the leadership change, GCPL Executive Chairperson Nisaba Godrej said Malbari brings deep understanding of the company's strategy and operations and has played a key role in driving performance across geographies.

"As Global CFO, Aasif brings deep command of GCPL's strategic and operating rhythm. He has also led an outstanding transformation of our Africa business, and I believe it's exactly the kind of ambitious, disciplined execution rigour GCPL needs across all our businesses for our next chapter," she said.

Malbari, a Chartered Accountant and Company Secretary, has been associated with GCPL as Global CFO and has also overseen the Africa business, where the company expanded its FMCG portfolio and strengthened its hair care operations.

Before joining GCPL, Malbari served as Chief Financial Officer at Tata Passenger Electric Mobility and Director at Tata Motors Passenger Vehicles, where he was involved in the reorganisation of the business and a USD 1 billion fundraise for the electric vehicle business.

Earlier, he worked with Hindustan Unilever in various finance and business roles.

Godrej also thanked outgoing CEO Sudhir Sitapati for his contribution, saying he brought bold thinking to the company during his tenure and wishing him success in his future endeavours.