Who is Sudhir Sitapati Godrej Wiki Bio & Whose Name has Risen by 25% in Godrej Consumer
Sudhir Sitapati completed his MBA from IIM Ahmedabad in 1999 and joined HUL as a Business Leadership Trainee in the same year.
You must have heard the name of Godrej Consumer, the company that makes consumer goods. The company makes dozens of products such as bath soap synth, easy for laundry, hit for mosquito repellent, and good night, room freshener air. The result of this company has come for the March quarter and together with the new Managing Director and CEO of the company has been announced. Due to this news, up to a 25 percent jump has been registered in its stock today.
Consumer Products: The world’s famous professional Sudhir Sitapati has been appointed by the company as its Managing Director and Chief Executive Officer. They will see the functioning of the company from 18 October. He has been appointed for the next five years. Currently, Nisaba Godrej is the Chairman and Managing Director of the company. She will continue to play the role of executive chairperson. Currently, Sudhir Sitapati was posted as the executive director of Hindustan Unilever. He was associated with the company for the last 22 years.
The share price reached a new high
Godrej Consumer Products Ltd. The stock closed today with a gain of nearly 22 percent. Its stock closed at a level of Rs 872.85 with a rise of Rs 156. Today, its stock had reached the level of Rs 892, which is its 52-week high. The consolidated net profit of the company for this quarter has increased by 59 percent to Rs 366 crore. The company had a net profit of 229 crores in the March 2020 quarter.
Was associated with HUL for the last 22 years
Earlier on May 10, Hindustan Unilever (HUL), the top company in the FMCG sector, said that its executive director (Food and Refreshment) Sudhir Sitapati is leaving the organization and Srinandan Sundaram will replace him. This will be under the change in the top-level management of the company. The company said in a statement on Monday, “Srinandan Sundaram will replace Sudhir Sitapati, who is leaving the company for some outdoor opportunity.” Sundaram is currently the Executive Director at HUL. The change in the management committee will come into effect from July 1, 2021.
IIM has done MBA from Ahmedabad
Sudhir Sitapati studied MBA from IIM Ahmedabad in 1999. He has a BSc in Math and Economics from St. Xavier’s College, Mumbai. His first job was in HUL where he spent 22 years. Apart from this, he has written a book called ‘The CEO Factory: Management lessons from Hindustan Unilever’ which got a very good response. Six editions of this book have been made so far. According to the Harvard Business Review, it has been a great book to read in 2020.
It is an honor for me- Sitapati
Sudhir Sitapati said about his new responsibility that it is an honor for me. The board of Godrej Consumer Private Limited has selected me and I am thankful to them for this. I am very excited about the legacy of this company.