Godrej Consumer Shares Drop 10% as CFO Aasif Malbari Named New CEO

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Godrej Consumer Products saw its shares fall sharply by 10% following the sudden departure of its previous CEO. The company has appointed Aasif Malbari, its global CFO and head of Africa operations, as the new Managing Director and CEO. Malbari brings financial and regional leadership experience to the top role. The abrupt leadership change rattled investor confidence, triggering the significant single-day stock decline.

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