Cigarette maker Godfrey Phillips appoints Sharad Aggarwal CEO

Cigarette maker Godfrey Phillips India announced the appointment of Sharad Aggarwal as CEO on Monday.

Aggarwal (50), who succeeds Bhisham Wadhera, will report to Godfrey Phillips India chairman and chief executive Bina Modi, the company said in a statement.

Wadhera, who has headed the company since 2015, stepped down on December 26, 2021 and will continue to guide the organization as an advisor and mentor, he added.

Previously, the Board of Directors, at its September 16, 2021 meeting, approved the appointment of Sharad Aggarwal, who served as the COO and full-time Director of Godfrey Phillips.

Commenting on the development, Bina Modi said, “Sharad has been with the organization since 1994 and has exceptional credentials for delivering results. He has a proven track record as an inspirational leader and has led transformational change in the organization, and I firmly believe that it is the right choice to unleash the full potential of Godfrey Phillips, to create a sustainable business with growth in sales and profits and value for all stakeholders “.

Sharad is an alumnus of Harvard Business School and holds a Diploma in Electronics from REC, Nagpur, and a Graduate Diploma in Business Management with Gold Medal from IMT, Ghaziabad.

As COO of Godfrey Phillips India, Sharad ensured that the company invests in the best international technologies, processes and certifications for its state-of-the-art manufacturing facilities across India, the statement said.

Godfrey Phillips India is a flagship company of Modi Enterprises and owns cigarette brands such as – Four Square, Red & White and Cavanders.

The company, which also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the Marlboro brand in India, reported revenue of Rs.2,925.74 crore for the fiscal year ended. March 31, 2021.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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