Kotak Mahindra Bank Limited announced the re-appointment of Uday Shankar as Independent Director on the company’s Board, with effect from March 16, 2024.
According to the bank’s exchange filing, “Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that the Board of Directors of Kotak Mahindra Bank Limited (“Bank”) have, at their meeting held today, inter alia, approved the re-appointment of Mr. Uday Shankar, who holds the office as an Independent Director of the Bank up to March 15, 2024, as an Independent Director of the Bank for a second consecutive term, of three years, with effect from March 16, 2024 to March 15, 2027 (both days inclusive), subject to the approval of members of the Bank.”
Uday Shankar is a M. Phil in Economic History from the Jawaharlal Nehru University, Delhi. Shankar is a highly successful and globally recognised Indian executive who created one of the biggest media and entertainment businesses in the Asia-Pacific region. In his new avatar, Shankar is a technology entrepreneur and the founder of Asia Initiatives, wherein he partners with James Murdoch to set up technology-led enterprises in education, media and healthcare in Asia.
He is also the Past President of the Federation of Indian Chambers of Commerce and Industry (“FICCI”), India’s premier industry association and was formerly the President of the Indian Broadcasting Foundation. During his tenure as President of FICCI, he was also a member of the Start-up Advisory Council of India set up by the Government of India to promote and bolster the start-up ecosystem.
In a long and illustrious career, Shankar has served in several leadership roles including as a Chairperson and Chief Executive Officer of Star India, President of 21st Century Fox Asia and more recently President of the Walt Disney Company Asia Pacific and Chairperson of Disney and Star India. Under his leadership, Star transformed into the region’s leading company placed distinctively at the intersection of media, entertainment and technology. He is credited with leading the streaming and OTT revolution in India and in the APAC region. Hotstar is now one of the leading global OTT platforms. Star Sports transformed into Asia’s leading sports network during his tenure. He also led the Star India’s strong foray into regional and local language content, building a comprehensive consumer offering across entertainment and sports.
Shankar started his career in news and is widely regarded as the pioneer of television news revolution in India with the launch of Aaj Tak, Star News and what’s now known as India Today TV. For his contribution to media and society, Mr. Shankar has been awarded numerous business and industry honours. He was conferred the honorary doctorate degree by Bennett University (The Times of India Group). He was recognised by Forbes India as the ‘Best CEO’ (MNC), named ‘Entrepreneur of the Year’ (Entrepreneurial CEO) by EY and has featured in Indian Express ‘100 Most Powerful Indians’ and in India Today’s ’50 Most Powerful People in India’.
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