Federal-Mogul Goetze (India) Limited. has informed the Exchange regarding Cessation of Mr Manish Chadha as Executive Director of the company w.e.f. August 11, 2025.
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Federal-Mogul Goetze announced a sweeping leadership change effective August 11, 2025. Mr. T. Kannan resigned as Managing Director and Mr. Manish Chadha stepped down as Chief Financial Officer and Finance Director. To fill the gap, Mr. Amit Mittal was appointed as the new Managing Director and Chief Financial Officer (a combined role) for a 3-year term, while Mr. Gangasagar Neminath Hemade was named Chief Executive Officer as a senior managerial personnel. Additionally, three new Non-Executive Non-Independent Directors — Mr. Jason Wesley Johnson, Mr. Vishal Khairari, and Mr. Rishi Verma — were added to the Board. All incoming appointees are senior Tenneco group executives, reflecting the parent company's deeper involvement in the Indian subsidiary's leadership. The company confirmed the Board continues to comply with SEBI listing regulations.
This is a significant leadership overhaul with two top executive exits in a single board meeting. While the company asserts continued regulatory compliance and has backfilled roles quickly with experienced Tenneco group executives, investors may watch closely for any transition disruption in strategy or operations. The consolidation of MD and CFO into one role is unusual and could raise governance questions.