R Seshasayee Appointed as Chairman of Asian Paints’ Board of Directors

R Seshasayee Appointed as Chairman of Asian Paints' Board of Directors
R Seshasayee Appointed as Chairman of Asian Paints' Board of Directors

Asian Paints, the renowned Indian multinational paint company based in Mumbai, Maharashtra, is gearing up for a significant leadership transition as R Seshasayee assumes the role of Chairman of the board of directors. From October 1, 2023, to January 22, 2027, Seshasayee will steer the company’s vision and strategy, succeeding the current Chairman, Deepak Satwalekar, whose term concludes on September 30 this year.

With a remarkable professional journey that began at Hindustan Lever Ltd in 1971, R Seshasayee has garnered extensive expertise and accolades throughout his career. Notably, his contributions to Ashok Leyland Limited spanned diverse key roles, including serving as the Managing Director from 1998 to 2011, Executive Vice Chairman from 2011 to 2013, and later as Non-Executive Vice Chairman from 2013 to 2016.

Beyond his outstanding achievements in the automotive industry, Seshasayee also made a mark in the financial sector as Non-Executive Chairman of IndusInd Bank from 2007 to 2019. His influential presence extended to leadership positions in industry associations, including the presidency of the Society of Indian Automobile Manufacturers during 2001-2003 and the Confederation of Indian Industry during 2006-2007.

Recognized for his astute leadership and unwavering commitment to corporate governance, Seshasayee joined Asian Paints Limited as an Independent Director on January 23, 2017. Within the company’s board of directors, he currently chairs the Investment Committee and serves as a valuable member of both the Audit Committee and the Nomination & Remuneration Committee.

Asian Paints Ltd, in addition to its diverse portfolio of manufacturing, selling, and distributing paints and coatings, operates as a holding company for Berger International. As R Seshasayee takes on the mantle of Chairman, the company anticipates a seamless transition and continued growth under his experienced stewardship.