Manvinder (Vindi) Banga has been hired by high street retailer Marks & Spencer (M&S) as a non-executive director, it was confirmed today.
The Indian businessman has extensive knowledge of international trade, advantageous for M&S which is looking to expand internationally, and has decade of experience in a variety of business sectors.
Currently an operating partner at private equity investment firm Clayton Dubilier & Rice, Banga had previously spent 33 years working for FMCG giant Unilever where he was a member of its executive board.
Along with his work in consumer goods Banga is also a non-exec at news service Thomson Reuters and car manufacturer Maruti Suzuki India.
He also has strong links with the Indian government having sat on the Council of Trade & Industry for the country’s Prime Minister since 2004 and is also a governor for the Indian Institute of Management and the Indian School of Business.
Robert Swannell, Chairman of M&S, said: “I am delighted to welcome Vindi to the board. He brings a wealth of experience of global business and extensive consumer and brand knowledge.
“His insights will further support the board discussion on our strategy, set out by CEO Marc Bolland in November 2010, to become an international multichannel retailer.”
M&S has been on the look-out for non-execs to help broaden its operations after Louise Patten and Sir David Michaels announced they were standing down from its board earlier this year.
Banga added: “I am looking forward to joining the Board of M&S and participating in the continued development of this iconic retailer.”