Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Appointment of Mr Amit Mittal as Managing Director of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze (India) has announced a sweeping leadership change effective August 11, 2025. Mr. T. Kannan has resigned as Managing Director and Mr. Manish Chadha has resigned as Chief Financial Officer and Finance Director. Mr. Amit Mittal has been appointed as the new Managing Director and Chief Financial Officer (a combined dual role) for a 3-year term. Mr. Gangasagar Neminath Hemade has been appointed as the new Chief Executive Officer (not a board member). Additionally, three new Non-Executive Non-Independent Directors have joined the board: Mr. Jason Wesley Johnson, Mr. Vishal Khairari, and Mr. Rishi Verma. Notably, all new appointees are senior executives from Tenneco, the company's parent, signaling deeper integration with the global parent group.
The entire top management is now composed of Tenneco-parent executives, which should ensure strong strategic alignment with the global parent but reduces local management independence. The unusual combining of MD and CFO roles into a single individual may draw governance attention from investors. Shareholders should expect continuity in parent-driven strategy, though the simultaneous exit of two KMPs in one day is a significant transition.