Muthoot Finance Limited announced the appointments of Abraham Chacko and Usha Sunny as Independent Directors to its Board. Also, the company appointed George Muthoot George, George Alexander, and George Muthoot Jacob as Whole Time Directors.
According to the company’s exchange filing, “The Shareholders of the Company at the general meeting have resolved to appoint Mr. Abraham Chacko (DIN: 06676990) as an Independent Director of the Company till the 27th Annual General Meeting of the Company to be held in the year 2024; and approved the appointment of Ms. Usha Sunny (DIN: 07215012) as an Independent Director of the Company till November 29, 2023.”
“Further, the shareholders have also approved the appointment of Mr. George Muthoot George (holding DIN: 00018329), Mr. George Alexander (holding DIN: 00018384), and Mr. George Muthoot Jacob (holding DIN: 00018955) as Whole Time Directors of the Company. These appointments shall be subject to the approval of the Reserve Bank of India and shall be for a period of 5 years commencing October 1, 2021 or such other date as the Reserve Bank of India may provide in its approval, whichever is later,” the filing added.
Usha Sunny is an experienced banking professional with more than 3 decades of experience. She has worked with Mashreq Bank PSC, Dubai, Standard Chartered Bank, Dubai, Indian Overseas Bank and Kerala State Drugs and Pharmaceuticals Limited in diversified roles, the statement said.
Abraham Chacko is an experienced banking professional with an experience of over 38 years in India and abroad. During his early career, he served HSBC India for a period 14 years and has held varied roles over there. He was also the Country Manager in ABN AMRO Bank N.V before his elevation as the Executive Director at the Bank.
George Muthoot George is a graduate in Hospitality Management from Welcomgroup Graduate school of Hotel Administration in Manipal and holds a Master’s degree from prestigious Essec-Cornell University in Paris, France. George Muthoot George was instrumental in taking the hospitality and media division in the Muthoot Group to much higher levels over the last two decades including establishing new brands of hospitality in India, Africa, and Central America.
George Muthoot George was instrumental in launching Chennai’s first English radio station (Chennai Live 104.8FM) and India’s first Talk radio format in 2007. He was also instrumental in launching local brands like Travel Jango and Via Kerala amongst others, in areas as diverse as online travel and handcrafted products that support local entrepreneurs, the company said.
George Alexander has over 15 years of experience in the field of financial services and is currently acting as the Executive Director in Muthoot Finance Limited heading operations and administration in the states of Karnataka, Goa and Telangana.
George Muthoot Jacob has joined Muthoot Finance Limited in the year 2010 and is currently acting as the Executive Director heading the legal, compliance, governance, and marketing functions in the Company. Under his leadership, Muthoot Finance Limited has set high benchmarks in governance and compliance and he has been spearheading the marketing function in the Company with innovative marketing strategies which has enabled the Company to grow its brand visibility to rural and semi-urban areas.
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