Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Appointment of Mr Gangasagar Neminath Hemade as Chief Executive Officer of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze (India) Limited announced a significant leadership transition on August 11, 2025. Mr. Amit Mittal was appointed as the new Managing Director and Chief Financial Officer for a 3-year term, while Mr. Gangasagar Neminath Hemade was named Chief Executive Officer (not a Board member). Three new Non-Executive Non-Independent Directors were also inducted: Mr. Jason Wesley Johnson, Mr. Vishal Khairari, and Mr. Rishi Verma. These appointments follow the resignations of Mr. T. Kannan as Managing Director and Mr. Manish Chadha as Chief Financial Officer and Finance Director. All incoming appointees bring prior experience from Tenneco, the parent company group, and the company confirmed that the board composition remains compliant with listing regulations.
A near-complete top-management reshuffle, with the new MD/CFO and CEO all drawn from the Tenneco parent group, signals a possible strategic realignment. Short-term stock reaction may be muted, but investors should watch for clarity on the company's growth strategy under the new leadership over the coming quarters.