Management Change1 Oct 2026, 03:13 pm
Marico Ltd: Independent Director Rajeev Vasudeva Retires
AI Summary
Marico Ltd announced the retirement of Mr. Rajeev Vasudeva as an Independent Director, effective end of day October 31, 2026, upon completion of his current term. Mr. Vasudeva cited increasingly onerous professional commitments for his decision not to seek re-appointment. Consequently, he will also cease to be the Chairman of the Nomination and Remuneration Committee. The Board expressed appreciation for his contributions. Mr. Bhaskar Bhat will take over as Chairman of the Nomination and Remuneration Committee from November 1, 2026.
Key Highlights
- Independent Director Rajeev Vasudeva to retire on October 31, 2026.
- Vasudeva cites professional commitments for non-re-appointment.
- He will also step down as Chairman of Nomination & Remuneration Committee.
- Bhaskar Bhat appointed as new Chairman of the committee.
- Board acknowledges Vasudeva's contributions.
Price Impact
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