Adi Godrej to resign as chairman of Godrej Industries Limited
Godrej Industries Limited (GIL), the holding company of the Indian conglomerate Godrej Group, has made changes to its board of directors, which will come into effect from 1 October 2021.
Under the changes, Adi Godrej will resign as chairman and from the board of directors. However, Adi Godrej will continue to be the chairman of the Godrej Group and chairman emeritus of Godrej Industries Limited.
Adi Godrej said: “It has been a privilege to serve Godrej Industries for over four decades, during which we have delivered strong results and transformed our company.
“I am grateful to our Board for their support and guidance; to all our team members whose passion, commitment and hard work has driven our success; and to all our customers, business partners, shareholders, investors, and communities, for their continued partnership.”
Nadir Godrej, who is presently the managing director of Godrej Industries Limited will replace him as chairman and managing director of the holding company.
Nadir Godrej said: “On behalf of our team at Godrej Industries and our Board, I want to thank our Chairman for his vision, values and exceptional leadership that has guided and shaped our company.
“Our leadership team is committed to building forward on these foundations; continuing to serve our people and communities, and creating long-term value for all our stakeholders.”