Myntra-Jabong CEO Ananth Narayanan on Marico's board

FMCG firm Marico has appointed Myntra-Jabong CEO Ananth Narayanan on its board as additional (Independent) Director.

After 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.

His appointment is for a term of five years and is "subject to the approval of the shareholders", Marico said in a statement.

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.