Wipro appointed NS Kannan to its Board of director
In a strategic move, IT powerhouse Wipro has unveiled a significant addition to its Board of Directors with the appointment of NS Kannan, slated to take effect on October 1, 2023, pending the green light from shareholders. A regulatory filing from the company has confirmed that Kannan’s role as an independent director will extend across the next half-decade.
Boasting an illustrious career spanning over three decades, NS Kannan will assume the mantle of an independent director, leveraging his extensive expertise in the intricate landscape of financial services, with a special focus on banking and insurance realms.
His most recent engagement as Managing Director and Chief Executive Officer at ICICI Prudential Life Insurance Co. Ltd attests to his formidable leadership prowess. Throughout his tenure, Kannan orchestrated the metamorphosis of the company into a versatile multi-product and multi-channel entity. Notably, his distinguished journey encompasses various distinguished leadership roles within the ICICI group.
Beyond his executive roles, NS Kannan has consistently championed national financial progress, lending his insights and acumen to a slew of committees constituted by the Government of India and diverse regulatory bodies.
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Among his roles, he notably served as an advisor to navigate the intricate terrain of DHFL as the primary financial services provider within the Indian Bankruptcy Code framework.
His contributions also extend to playing a pivotal role as a Member of the Corporate Bonds and Securitization Advisory Committee of SEBI, along with chairing the Regulatory Review Committee pioneered by Life & General Insurance Councils.
As a Member of the Insurance Advisory Committee sanctioned by IRDAI and the RBI Steering Committee tasked with Indian Accounting Standards implementation, Kannan’s influence is undeniable.
Rishad Premji, Chairman of Wipro Limited, expressed his enthusiasm regarding Kannan’s induction, stating, “Kannan’s addition to our Board is a source of immense satisfaction. His veteran status within the financial services sector will undoubtedly enrich Wipro, benefiting from his sagacity in finance, strategy, corporate governance, and risk management, to name a few.”
NS Kannan reciprocated the sentiment, saying, “My anticipation knows no bounds as I prepare to join the esteemed Board of Wipro, a revered institution driven by values and purpose, serving as a pivotal technology partner to a constellation of esteemed global clients. I’m eagerly looking forward to galvanizing its forthcoming phase of expansion and influence.”
NS Kannan boasts an impressive academic background, holding a Mechanical Engineering degree from NIT, Trichy, in addition to being a Chartered Financial Analyst from the ICFAI.
His educational journey culminated with a Postgraduate Diploma in Management from the prestigious IIM, Bangalore, cementing his well-rounded expertise.