Sons rise in Emami, as founders turn mentors to pave way for next gen

Founders R S Agarwal and R S Goenka not to draw any emoluments for their new positions as chairman emeritus and non-executive chairman, respectively

FMCG firm Emami on Thursday unveiled a succession plan with the founders donning the “mentor” hat and the next generation taking the driver’s seat.

At a board meeting held on Thursday, founders R S Agarwal and R S Goenka expressed their desire to step down from their current executive positions. Agarwal was chairman and Goenka a director on the company’s board.

In a statement, the company said that the board unanimously decided to appoint Goenka as non-executive chairman while re-designating Agarwal as chairman emeritus effective April 1, 2022. The founders will not accept any emoluments for their new positions, the