Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Appointment of Mr Vishal Khairari as Non- Executive Director of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze (India) has undergone a sweeping top-level leadership change effective August 11, 2025. Mr. Amit Mittal has been appointed as the new Managing Director and Chief Financial Officer (a combined role) for a 3-year term, replacing Mr. T. Kannan (MD) and Mr. Manish Chadha (CFO and Finance Director), both of whom have resigned. Mr. Gangasagar Neminath Hemade joins as Chief Executive Officer (not on the board), bringing 31 years of automotive industry experience. Additionally, three Non-Executive Non-Independent Directors — Mr. Jason Wesley Johnson, Mr. Vishal Khairari, and Mr. Rishi Verma — have been inducted onto the board. Notably, all the new appointees are senior leaders from Tenneco, the company's parent group, signalling deeper integration with the global parent.
Shareholders should note that combining the MD and CFO roles into a single position is a significant governance change that may draw scrutiny, though it may also streamline decision-making. With the leadership bench now drawn entirely from Tenneco, the company appears to be aligning more closely with the parent's global strategy, which could mean tighter operational and financial oversight going forward.