ICICI Prudential AMC Board Accepts Director's Resignation, Appoints Rajeev Mittal From March 31

Mumbai: ICICI Prudential AMC is reshaping its board composition, bringing in global asset management experience while marking the exit of an existing director.

Accepts Director Resignation

The board noted and accepted the resignation of Guillermo Eduardo Maldonado-Codina, who will step down from his role at the close of business hours on March 30, 2026. He will also cease to be a member of the Nomination and Remuneration Committee following his exit.

Approves New Appointment

The company has approved the appointment of Rajeev Mittal as a Non-Executive (Additional) Director, effective March 31, 2026. The appointment is subject to approval by shareholders, in line with regulatory requirements governing board changes.

Brings Global Expertise

Mittal currently serves as Chief Executive Officer at Eastspring Investments Group and is part of the Prudential Group Executive Committee. With over 30 years of experience in asset management, he has held leadership roles at Fidelity International and previously at AIG and PineBridge Investments, including heading regional operations across Asia Pacific and Europe.

Confirms Governance Compliance

The company stated that Mittal is not debarred from holding the office of director by any regulatory authority and has no relationship with existing board members. The changes were approved at the board meeting held on March 26, 2026. ICICI Prudential AMC confirmed that the disclosures were made in compliance with SEBI Listing Regulations and shared with stock exchanges for record purposes.

Disclaimer: This article is based solely on the contents of the company’s official filing and does not include external analysis or independent verification.