Former CAG Vinod Rai to be Appointed as Chairman of Kalyan Jewellers
- ByStartupStory | March 28, 2022
Kalyan Jewellers India Limited on Monday announced its board approval for the appointment of Vinod Rai as the Chairman and Independent Non-executive Director on the Board of the Company. Meanwhile, TS Kalyanaraman will continue as Managing Director on the Company’s board. Furthermore, the appointment will be subject to obtaining requisite regulatory and shareholders’ approvals.
It is to be mentioned that Rai served as the former Comptroller and Auditor General (CAG) and as Chair of the United Nations Panel of External Auditors. He also held a number of posts in the Indian government and state governments, and has played a key role in a number of reforms in India, including as Chairman of the Banks Board Bureau, a body established by the Indian government to reform public banking. Rai has also received the Padma Bhushan, India’s third highest civilian award in acknowledgment of his services to the country.
Speaking on the development, Rai said, “It is a privilege for me to be associated with Kalyan Jewellers, a company which has built the highest levels of trust amongst its stakeholders, conducts its business in an ethical and transparent manner and upholds the standards of good corporate governance. Kalyan Jewellers has a well-recognized brand, pan-India footprint and a strong management team at the helm of the business. The Kalyanaraman family, with its deep commitment to customer transparency and enlightenment, has been at the forefront of transforming the jewellery retailing sector in India.”
TS Kalyanaraman also spoke, “We are delighted to welcome Mr. Vinod Rai to Kalyan Jewellers as an Independent Chairman of our board. Kalyan Jewellers is always committed to trust, transparency and upholding the highest standards of corporate governance and the recent development is a natural step in the evolution of the company along that journey. Rai brings a tremendous breadth and depth of experience and we are looking forward to him adding further to the diverse experience we already have on our board today”.
Follow Startup Story
Related Posts
