FMCG firm Marico has appointed Myntra-Jabong CEO Ananth Narayanan on its board as an additional (Independent) Director. Narayanan’s appointment is for a five year time and is subject to the approval of the shareholders at the upcoming annual general meeting.
With Narayanan’s appointment, Marico’s board now has six independent directors besides chairman and non-executive director Harsh Mariwala, MD & CEO Saugata Gupta and two non- executive directors.
Narayanan, a Masters from the University of Michigan in Industrial Engineering and Operations Research, is also on the Industry Advisory Board of the university’s Tauber Institute. He started his career with Mckinsey & Company where he worked for 15 years.
Narayanan joined Myntra as CEO in July 2015 and has led multiple strategic acquisitions including rival Jabong from Global Fashion Group for $70 million.
“I am delighted to welcome Ananth on Board and I am confident that his rich experience, knowledge and proficiency will prove to be an invaluable asset to the company as it embarks upon the next phase of sustainable profitable growth in an ever-evolving digital world,” said Marico founder and chairman Harsh Mariwala.