Britannia Industries has appointed former RBI governor Urjit Patel as one of the additional Non-Executive Independent Directors on the board of the company for a period of five years, according to an exchange filing on July 2.
The appointment is subject to board approval at the upcoming Annual General Meeting scheduled on August 12, 2024.
Urjit Patel had served as the 24th Governor of the Reserve Bank of India (RBI) between 2016-18. During his tenure, he was also a member of the Bank for International Settlements, and served on the Advisory Board of the Financial Stability Institute.
Urjit Patel had also been a Deputy Governor at the RBI since January 2013. Between 2013-2018, he was a Deputy in the G-20, BRICS Finance Ministers and Central Bank Governors groups. During 2022-24, he served as a Vice President (Investment Operations Region 1) at the Asian Infrastructure Investment Bank.
The other appointment on the Britannia board was that of Sunil Lalbhai, the Chairman and Managing Director of Atul Limited, who too has been appointed for a period of five years.
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