Nykaa Appoints Santosh Desai as Independent Director

FSN E-Commerce Ventures, popularly known as Nykaa, has announced the appointment of Santosh Desai as an Independent Director on its board, effective from July 15, 2024. Desai, who brings extensive experience in brand strategy and advertising, will serve for a tenure of three years, subject to shareholder approval.

With a distinguished career spanning nearly 17 years as the CEO of Future Brands and serving as the president of McCann, one of India’s leading advertising agencies, Desai is poised to offer invaluable insights into Nykaa‘s strategic direction.

Desai currently holds board positions at Think9 Consumer Technologies, Dainik Jagran Group, and Breakthrough, and is also associated with the governing councils of Mudra Institute of Communication, Ahmedabad, and Praxis Business School, Kolkata. His past board affiliations include ING Vysya Bank and Oxfam India.

Falguni Nayar, Nykaa’s executive chairperson and CEO, expressed confidence in Desai’s ability to leverage his expertise in understanding the dynamics between culture and brands to enhance Nykaa’s brand equity and global success trajectory.

In response, Desai expressed enthusiasm about contributing to Nykaa’s continued growth, citing the company’s transformative impact on the beauty and lifestyle segment in India through its customer-centric retail approach.

Nykaa’s current board of directors comprises 10 members, with Desai’s appointment adding further depth and strategic acumen to the board’s composition.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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