Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Cessation of T. Kannan as Managing Director of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze (India) Limited announced a major leadership reshuffle effective August 11, 2025. Managing Director T. Kannan and CFO & Finance Director Manish Chadha both resigned citing personal reasons. The company has appointed Amit Mittal as the new Managing Director and Chief Financial Officer (combined role) for a 3-year term, and Gangasagar Hemade as the new Chief Executive Officer (a non-board position). Additionally, three new Non-Executive Non-Independent Directors — Jason Wesley Johnson, Vishal Khairari, and Rishi Verma — have been appointed to the board. Notably, all incoming appointees come from Tenneco, the parent company, indicating deeper parent-level involvement. The company confirmed that the board composition remains compliant with SEBI listing regulations.
This is a significant top-level leadership transition with both the MD and CFO exiting on the same day, which may create short-term uncertainty. However, immediate in-house (Tenneco) replacements suggest strategic continuity and stronger parent oversight, which is generally neutral to mildly positive for long-term execution but may prompt investors to watch for any operational disruption in the coming quarters.