India's Godrej Consumer logs worst day in 6 years as sudden CEO exit heightens execution concerns
Shares of Godrej Consumer Products fell over 11% on Wednesday, marking their steepest decline in six years following CEO Sudhir Sitapati's sudden resignation. The abrupt leadership change has raised concerns about the company's strategic execution. Aasif Malbari, previously the finance chief, has been appointed as the new CEO, effective immediately.