Please find attached change in management-Revised
GMMPFAUDLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GMM Pfaudler appointed Mr. Gregory Gelhaus as Group Chief Executive Officer & KMP effective May 21, 2026. Gelhaus was previously the Chief Transformation Officer and is being promoted internally. Notably, he is a member of the promoter family — son-in-law of founder Ashok Patel and brother-in-law of Tarak Patel. Two Senior Management Personnel exits were also disclosed: Mr. Manish Shah and Mr. Ulf Wittmann ceased to be SMPs due to changes in the organisation structure, though both continue as employees. Two new SMP appointments were also made: Mr. Ankit Nayyar as Deputy CFO and Mr. Massimo Serapioni as CEO of the Corrosion-Resistant Technologies division.
The appointment of a promoter family member as Group CEO is a significant governance development. The exit of two SMPs, including Manish Shah, may signal further restructuring ahead. Shareholders should note the familial link between the new CEO and the controlling family.