Asian Paints appoints new Chairman of the Board

Asian Paints has appointed Mr. R. Seshasayee as the Chairman of the Board and the Company with effect from October 1, 2023, until  the conclusion of his term January 22, 2027.

This follows the impending retirement of Mr. Deepak Satwalekar. The Board of Directors and the entire Asian Paints family places on record, a deep sense of appreciation for the long-standing leadership and contribution from Mr. Deepak Satwalekar towards the success of the Company.

Mr. Manish Choksi shall continue to be the Non – Executive Vice Chairman of the Company. 

Mr. R. Seshasayee was the Managing Director of Ashok Leyland Limited from 1998 to 2011, the Executive Vice Chairman from 2011 to 2013 and the Non-Executive Vice Chairman from 2013 to 2016. He was also the Non-Executive Chairman of IndusInd Bank from 2007 to 2019. He has served as an Independent Director on the Boards of various companies, including ICICI Bank and Infosys Ltd (Chairman from 2015 to 2017). He was the President of Society of Indian Automobile Manufacturers during 2001- 2003 and President of Confederation of Indian Industry during the year 2006 – 2007.

Mr. R Seshasayee was appointed as an Independent Director of Asian Paints Limited on 23rd January, 2017. He is the Chairman of the Investment Committee and the member of the Audit Committee and the Nomination & Remuneration Committee of the Board of Directors of Asian Paints Limited.

He also serves on the Boards of other reputed companies.