Godrej Consumer Shares Drop 10% Post CEO Exit

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Godrej Consumer shares plummeted by 10% following the unexpected departure of its CEO. The company has appointed Aasif Malbari as the new Managing Director and Chief Executive Officer. Malbari previously served as the company's global Chief Financial Officer and also led its Africa operations. This leadership change has caused significant investor concern, leading to a sharp decline in the company's stock value.