Categories: Fashion

Nisaba Godrej leaves VIP Industries’ board citing differences of opinion

Executive Nisaba Godrej has decided to resign from the board of luggage major VIP Industries. Godrej cited differences of opinion with regards to succession planning and leadership accountability as her reasons for leaving the company.

Carlton Luggage is a brand retailed by VIP Industries – Carlton Luggage- Facebook

“As discussed, due to my differing view on leadership accountability and succession planning, I will be resigning from the board effective June 3rd, 2024,” wrote Godrej in a letter to VIP Industries’ chairman Dilip Piramal, of which a copy was filed on the Bombay Stock Exchange and accessed by ET Bureau. “VIP Industries is a wonderful company, a creator of the luggage category in India and the market leader and I wish the company much success in the years to come.”
 
Nisaba Godrej is also the executive chairperson of Godrej Consumer Products which retails a wide range of fast moving consumer goods. The executive is also an independent director on the board of automobile manufacturing business Mahindra & Mahindra as well as telecommunications company Airtel.
 
VIP Industries retails a range of luggage brands including Carlton, VIP, and Skybags. In the 2024 financial year, the business reported a 10% increase in net sales totalling Rs 2,215 crore but net profit decreased significantly to Rs 28 crore compared to Rs 161 crore in the 2023 fiscal year.
 
 

Copyright © 2024 FashionNetwork.com All rights reserved.

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

17 hours ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

17 hours ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

17 hours ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

17 hours ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

18 hours ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

18 hours ago