Management Change12 Jun 2026, 07:51 pm
United Spirits Appoints Vinod Rao as Independent Director
AI Summary
United Spirits Ltd announced the appointment of Mr. Vinod Rao as an Additional Director (Non-Executive Independent Director) effective June 13, 2026. The decision was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Mr. Rao brings over 35 years of finance experience, having worked with global companies like Diageo, PepsiCo, and ICI. He previously served on the company's board from 2016 to 2021 and has expertise in various markets. His appointment is for a term of three years, subject to shareholder approval. He has affirmed that he is not debarred from holding a director's office.
Key Highlights
- Vinod Rao appointed as Non-Executive Independent Director.
- Effective date of appointment is 13th June 2026.
- Appointment is for a term of three years, subject to shareholder approval.
- Mr. Rao has extensive finance experience with global firms.
- He previously served on the company's board from 2016-2021.
Price Impact
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