Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Cessation of Mr T Kannan as Managing Director of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze has carried out a major leadership overhaul on August 11, 2025. Managing Director T. Kannan and CFO & Finance Director Manish Chadha have both resigned from the board effective the close of the board meeting. Replacing them, Amit Mittal has been appointed as the new Managing Director and Chief Financial Officer for a 3-year term, while Gangasagar Neminath Hemade has been named Chief Executive Officer (not on the board). Additionally, three new non-executive non-independent directors have joined the board: Jason Wesley Johnson, Vishal Khairari, and Rishi Verma. All incoming appointees are senior leaders from parent group company Tenneco, signalling a deeper integration with the global parent's leadership pipeline. The company has confirmed that the board continues to meet the required composition norms under SEBI regulations.
Shareholders should note significant top-level churn, but the moves appear to be a planned restructuring bringing in experienced Tenneco group executives rather than abrupt exits. The market may view this as a positive operational alignment with the global parent, though investors will watch for continuity in strategy and any leadership transition risks in the near term.