Godrej Consumer Products Appoints Aasif Malbari as CEO, Replacing Sudhir Sitapati
Aasif Malbari’s promotion follows Sudhir Sitapati’s resignation, and GCPL said the new chief brings finance, strategy and operating experience.
- On Wednesday, August 12, 2026, Godrej Consumer Products Limited named Aasif Malbari as Managing Director and Chief Executive Officer, replacing Sudhir Sitapati, who resigned effective August 11. Malbari assumes a five-year term subject to shareholder approval.
- Malbari, formerly GCPL's Global Chief Financial Officer, brings three decades of experience across consumer goods and automobiles. He previously led the Africa business expansion, where EBITDA margins increased to about 15% in fiscal 2026.
- With Malbari vacating the finance post, GCPL appointed Vishal Kedia as Interim Chief Financial Officer from August 12. Kedia retains his current responsibilities in Strategy, Financial Planning & Analysis, and Investor Relations.
- Endorsing the appointment, Executive Chairperson Nisaba Godrej said Malbari brings "deep command of GCPL's strategic and operating rhythm." Malbari cited priorities to improve core business performance and accelerate growth in new categories.
- The $1.6 billion consumer-goods company operates across home, personal, hair, and air care in more than 85 countries. Malbari's appointment positions GCPL to leverage disciplined execution for its next growth chapter.
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Godrej Consumer Products shares tank 10% after CEO’s sudden exit; HSBC downgrades to Hold
Godrej Consumer Products shares declined 10% following the sudden resignation of CEO Sudhir Sitapati, who announced his work was finished and it was time for new beginnings. HSBC nalysts have since downgraded the stock, highlighting potential uncertainties and execution hurdles ahead, despite the company showcasing strong Q1 performance with impressive profit and revenue growth. Aasif Malbari is set to take charge as the new CEO.
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A string of corporate announcements brought leadership changes, business transfers and major order wins across consumer, infrastructure, defence and renewable energy sectors
Who is Aasif Malbari, the new MD and CEO of Godrej Consumer Products?
New Delhi: Godrej Consumer Products Limited has named Aasif Malbari as its new Managing Director and Chief Executive Officer, replacing Sudhir Sitapati, who resigned from the company with effect from August 11. Malbari, currently GCPL’s Chief Financial Officer, will take charge as MD and CEO from August 12, 2026, for a five-year term, subject to shareholder approval. He will step down as CFO at the close of business on August 11. His elevation c…
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