Marico on Wednesday announced the appointment of Ananth Narayanan to its Board of Directors. Narayanan joins the board as an Additional (Independent) Director. His appointment as Independent Director for a term of five years is subject to the approval of the shareholders at its ensuing 29th AGM.
The Board now comprises Chairman and Non-Executive Director Harsh Mariwala, six independent Directors:AnandKripalu, B. S. Nagesh, HemaRavichandar, Nikhil Khattau, Rajeev Bakshi and Ananth Narayanan, Managing Director & CEO Saugata Gupta, and two Non-Executive Directors: Rajen Mariwala and Rishabh Mariwala.
Narayanan is the Chief Executive Officer at Myntra and Jabong. Under his leadership, Myntra has made multiple strategic acquisitions including Jabong from Global Fashion Group.
Featured as one of “India’s Hottest 40 under 40 Business Leaders” in 2014, Narayanan has deep expertise in driving performance improvement and product development. He started his career with Mckinsey& Company where he worked for 15 years across four offices (Chicago, Shanghai, Taipei and Chennai). In his most recent role as Director in the company, he was responsible for leading the Product Development practice in Asia and worked with several companies on strategy, operations and organizational models.
Narayanan holds a Bachelor’s degree in Engineering from University of Madras and a Master’s degree from the University of Michigan, in Industrial Engineering and Operations Research. He is on the Industry Advisory Board of University of Michigan’s Tauber Institute.
Commenting on the appointment, Harsh Mariwala, Founder & Chairman, Marico, said, “I am delighted to welcome Ananth on Board and I am confident that his rich experience, knowledge and proficiency will prove to beinvaluable assets to the Company as it embarks upon the next phase of sustainable profitable growth in an ever-evolving digital world.”