Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Appointment of Mr Amit Mittal as Chief Financial Officer of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze (India) has announced a major leadership overhaul effective August 11, 2025. Mr. Amit Mittal has been appointed as the new Managing Director and Chief Financial Officer for a 3-year term, while Mr. Gangasagar Neminath Hemade has been named Chief Executive Officer (non-board position). Additionally, three new Non-Executive Non-Independent Directors have been appointed: Mr. Jason Wesley Johnson, Mr. Vishal Khairari, and Mr. Rishi Verma, all with long tenures at parent company Tenneco. The changes follow the resignations of Mr. T. Kannan as Managing Director and Mr. Manish Chadha as Chief Financial Officer and Finance Director. The company confirmed the board continues to meet SEBI listing regulation requirements.
This is a significant leadership transition with the company's top two KMP positions (MD and CFO) replaced in a single board meeting, alongside three new directors joining from the Tenneco parent group. While the board composition remains compliant, investors should watch for any strategic direction changes, as the new leadership team brings diverse industry experience from the global Tenneco ecosystem.