World
Godrej Consumer Products CEO Sudhir Sitapati Resigns; Stock Plunges 10.6%
Sudhir Sitapati, CEO of Godrej Consumer Products Ltd., an Indian manufacturer of soaps and anti-mosquito products, resigned effective immediately on August 12, 2026, according to a stock exchange filing released after market close. The company's chief financial officer, Aasif Malbari, assumes leadership the same day. The announcement triggered a sharp decline in the stock price, falling as much as 10.6%—its steepest drop since December 2024. The reasons for the resignation were not disclosed.