Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Cessation of Mr Manish Chadha as Executive Director of the company w.e.f. August 11, 2025.
FMGOETZE · price
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Federal-Mogul Goetze (India) announced sweeping changes to its leadership on August 11, 2025. Managing Director T. Kannan and CFO & Finance Director Manish Chadha both resigned citing personal reasons, effective the close of that day's board meeting. The board simultaneously appointed Amit Mittal as the new Managing Director and Chief Financial Officer for a three-year term, Gangasagar Hemade as Chief Executive Officer (non-board), and three new Non-Executive Non-Independent Directors – Jason Wesley Johnson, Vishal Khairari, and Rishi Verma. All incoming appointees are senior leaders from parent-group company Tenneco, with deep automotive industry experience. The company confirmed the board continues to meet SEBI's minimum composition requirements.
While the simultaneous exit of the MD and CFO could raise short-term continuity concerns, the incoming leadership is being drawn from the Tenneco parent group, suggesting a strategic alignment rather than a crisis. Shareholders should watch for any strategic shift announcements, but the orderly nature of the transition and parent-group backing should limit negative stock reaction.