Godrej Consumer CEO Sitapati resigns; stock drops to 3-year low
Godrej Consumer Products revealed on Tuesday that MD and CEO Sudhir Sitapati has stepped down, only months after being reappointed. The sudden leadership shift triggered a negative market reaction, with the company's shares sliding by up to 10% on Wednesday. This decline pushed the stock to its weakest point in over three years. Meanwhile, the company has named CFO Aasif Malbar as the successor for the MD and CEO roles.
by shortkt.com✓