Pirojsha Godrej will take over as managing director on 1 April 2012
Godrej Properties Ltd has announced Pirojsha Godrej as the managing director and chief executive officer of the company with effect from 1 April 2012. Milind Korde, GPL’s current Managing Director, has resigned for personal reasons and will step down as Managing Director on March 31st 2012. Milind will continue to support Godrej Properties in the role of Senior Advisor to the company.
Pirojsha has been closely involved in the strategy and operations of Godrej Properties since he first joined the company in 2004. He spearheaded the very successful IPO of Godrej Properties in 2009. GPL has significantly outperformed both the market and its peers in the real estate sector in the 2 years that it has been publicly listed. He has a Bachelors degree in Economics from the Wharton School, University of Pennsylvania, a Masters in International Affairs from Columbia University, and a Masters in Business Administration from Columbia Business School.
Additionally, V. Srinivasan who is currently CFO and company secretary at Godrej Industries has been appointed Executive Director of Godrej Properties with effect from April 1st, 2012. Srinivasan began his career in 1989 as an Executive Trainee at the erstwhile Godrej Soaps, and has progressed to roles of increasing responsibility within the Godrej Group. He has headed the Finance and Systems functions at Godrej Agrovet and has handled various responsibilities in the group including information systems. A chartered accountant and company secretary by qualification, he has also completed middle and senior management courses at IIM, Ahmedabad and the University of Michigan respectively.
City lawyers’ pay increased by treble the national average last year and their bonuses added another 32%. That’s a hefty burden on pension savers and unit trust investors who must ultimately pay these bills