Please find attached Change in Management
GMMPFAUDLR · price
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GMM Pfaudler's Board has appointed Mr. Gregory Gelhaus as Group Chief Executive Officer and Key Managerial Personnel (KMP) effective May 21, 2026, subject to shareholder ratification at the 63rd AGM. Mr. Gelhaus, previously the Chief Transformation Officer, brings experience from PricewaterhouseCoopers, Alvarez & Marsal, and Global Blue. At the senior management level, Mr. Ankit Nayyar (Deputy CFO) and Mr. Massimo Serapioni (CEO-Corrosion-Resistant Technologies) have been designated as SMPs. Mr. Manish Shah and Mr. Ulf Wittmann have ceased to be SMPs due to organisation structure changes, though both continue as employees. Notably, Mr. Gelhaus is part of the promoter family — son-in-law of Mr. Ashok Patel and brother-in-law of Mr. Tarak Patel.
The appointment of a promoter family member as Group CEO may be viewed positively by long-term shareholders as it signals continuity, though governance-conscious investors may watch for related-party implications given the family connection.