News: Emami restructures leadership, Founders to continue being board members

C-Suite

Emami restructures leadership, Founders to continue being board members

Both the Founders will not accept any emoluments from the Company for taking up their new positions.
Emami restructures leadership, Founders to continue being board members

Emami Limited announced that the company has appointed R.S. Goenka as the Non-Executive Chairman, while re-designating Mr. R S Agarwal as Chairman Emeritus effective April 1, 2022. 

The announcement comes after both the Founders expressed their willingness to step down from the position of their current executive positions while continuing on the Board. 

The Emami Ltd Board also acceded to Mr Sushil K Goenka’s desire to step down from his current position as the Managing Director of Emami Ltd as part of the transition process and has re-appointed him as a Whole-Time Director of the Company effective April 1, 2022.

Mr. Mohan Goenka & Mr Harsha V Agarwal, Whole-Time Directors of Emami Ltd., have been serving the business dedicatedly for over two decades, spearheading multiple functions and growing the business successfully thereby gaining immense exposure to steer the Organisation forward. The Board, therefore, found them to be deserving candidates and re-designated Mr Mohan Goenka and Mr Harsha V Agarwal and Whole-Time Directors as Vice Chairman-cum-Whole Time Director and Vice Chairmancum-Managing Director respectively, effective April 1, 2022 to steer the organisation forward, subject to shareholders’ approval.

Commenting on the announcement, Founders, Mr R S Agarwal & R S Goenka said, “We are happy to announce the re-designation of Mohan Goenka and Harsha V Agarwal as Vice Chairman-cum-Whole Time Director and Vice Chairman-cum-Managing Director respectively. They have been in the forefront of running & growing the organisation for over two decades and their ascension today is the formal recognition of their contribution by our esteemed Board.”

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Topics: C-Suite, Appointments, #Movements

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