Godrej Consumer Products Ltd (GCPL) has appointed Aasif Malbari as its new MD and CEO, as Sudhir Sitapati has moved on from the company. Malbari will take charge with immediate effect.
Malbari has been with GCPL since 2023 and was working as the company’s Global Chief Financial Officer. He had also served as President of Godrej Africa and GCPL International. He brings around three decades of experience across the FMCG and automotive sectors, including previous roles at Hindustan Unilever and Tata Motors.
Sitapati has stepped down from his position after leading GCPL for around five years. His exit comes as a surprise because the company had earlier this year renewed his appointment as MD and CEO for another five-year term, extending up to October 2031.
The leadership change comes at a time when GCPL is dealing with pressure on margins and rising input costs. Analysts believe Malbari’s finance and business experience could help the company improve execution, strengthen margins and focus on shareholder returns.
Under Sitapati, GCPL had streamlined its product portfolio and expanded its manufacturing footprint. The company is now looking to maintain its growth momentum under Malbari while strengthening its core FMCG businesses and expanding newer categories.
GCPL has also appointed Vishal Kedia as interim Chief Financial Officer following Malbari’s move to the CEO role.
