Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Cessation of Mr Manish as Chief Financial Officer of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze (India) has announced a significant top-level management change effective August 11, 2025. Managing Director T. Kannan and Chief Financial Officer & Finance Director Manish Chadha have both resigned citing personal reasons. To fill the void, the company has appointed Amit Mittal as the new Managing Director and Chief Financial Officer (combined role) for a 3-year term, and Gangasagar Neminath Hemade as the new Chief Executive Officer (not a board member). Additionally, three new Non-Executive Non-Independent Directors have joined the board: Jason Wesley Johnson, Vishal Khairari, and Rishi Verma. Notably, all incoming key executives have prior associations with Tenneco, the parent group's global automotive business, indicating alignment with the parent's leadership pipeline.
This is a major leadership overhaul that may cause short-term uncertainty as the company transitions to a new MD-CFO and CEO. However, the appointments bring in senior Tenneco-group executives with deep automotive industry experience, which could strengthen strategic direction and global integration. Shareholders should watch for continuity in financial performance and any strategic shifts under the new leadership in the coming quarters.