Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Cessation of Mr Manish Chadha as Chief Financial Officer 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. Managing Director T. Kannan and CFO & Finance Director Manish Chadha have both resigned. In their place, the company has merged the MD and CFO roles, appointing Amit Mittal (a Chartered Accountant with 34 years of experience, recently with Tenneco and Kedaara Capital) as the new Managing Director and CFO for a 3-year term. Gangasagar Neminath Hemade, a 31-year Tenneco veteran, has been appointed as the new CEO. Additionally, three new Non-Executive Non-Independent Directors — Jason Wesley Johnson, Vishal Khairari, and Rishi Verma — have joined the board. All incoming leaders are senior Tenneco (parent company) executives, signalling a clear parent-driven succession.
For shareholders, this is a significant management transition that consolidates top finance and strategy roles under Tenneco's direct leadership. While this brings deep parent-company expertise, the combination of MD and CFO in one person may raise governance questions. The stock may see short-term volatility, but long-term impact depends on execution by the new team.