Aditya Birla Fashion and Retail Board of Directors have ratified the appointment of Kumar Mangalam Birla as Chairman & Non-Executive Director of the Company w.e.f. February 24, 2021. He will be liable to retire by rotation by the Companies Act, 2013.
Sangeeta Pendurkar and Vishak Kumar as Whole-time Directors of the Company w.e.f. February 24, 2021 for a term of 5 years,
The appointments are subject to Shareholders’ authorization in the following Annual General Meeting.
- Kumar Mangalam Birla is the Chairman of the venerable Indian multinational Aditya Birla Group, which operates in 36 countries across six continents. He is a Chartered Accountant and holds an MBA degree from the London Business School. He chairs the Boards of all major Group companies in India and globally. Mr. Birla is deeply engaged with Educational Institutions. He is the Chancellor of the Birla Institute of Technology & Science (BITS) with campuses in Pilani, Goa, Hyderabad and Dubai. He is also the Chairman of Indian Institute of Management, Ahmedabad.
- Sangeeta Pendurkar is the CEO of Pantaloons and Jaypore, at Aditya Birla Fashion and Retail Limited. Sangeeta has had a prosperous career of over 30 years stretching across four diverse sectors i.e. FMCG, pharmaceuticals, financial services and retail. Before her current role, she was the Managing Director for Kellogg – India and South Asia. Before joining Kellogg India, she has held senior positions at Coca-Cola India, HSBC Bank, Hindustan Unilever and at Novartis (then Hindustan Ciba-Geigy), where she turned on her career.
- Vishak Kumar is the CEO of Madura Fashion & Lifestyle (MFL), a business unit of Aditya Birla Fashion and Retail Ltd. (ABFRL). Vishak joined the Madura business in 1995 as a Management Trainee. Vishak has won numerous commendations for his starry contribution to the fashion and retail industry. Within the ABG umbrella, in 2014, Vishak earned the Aditya Birla Group ‘Chairman’s Award for Outstanding Leader’ for his outstanding contribution to the business. In 2015, ABG conferred him with the prestigious ‘Aditya Birla Fellow’ title.
Aditya Birla Fashion & Retail currently trading at Rs175.75 apiece up by Rs7.50 or 4.46% from its previous closing of Rs168.25 apiece on the BSE.