Dr. Reddy's Laboratories Limited informed that Mr. Arun Madhavan Kumar has been appointed as an Additional Director, categorized as Independent, on the Board of the company for a term of five consecutive years, effective from August 1, 2022. His appointment is approved by the Board of Directors, at its meeting held today, based on recommendations of the Nomination, Governance and Compensation Committee and is subject To Approve the shareholders. Mr. Kumar is not related to any of the Directors on the Board of the Company and is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. Mr. Arun Madhavan Kumar, is a Managing Partner at Celesta Capital. In February 2022, Mr. Kumar completed his five-year term as the Chairman and CEO of KPMG in India. In this role, he led a large organization consisting of several thousand talented professionals engaged in providing assurance, tax, and advisory services, through a period of extraordinary growth in revenues, profits, people and organizational transformation. He was a member of the global Board of Directors of KPMG as well as its EMA Board. Mr. Kumar previously served in President Obama's administration as
Assistant Secretary of Commerce for Global Markets and Director General of the U.S. & Foreign Commercial Service (USFCS), under the leadership of Commerce Secretary Penny Pritzker. As the administration's lead official to promote U.S. exports, foreign direct investment, and enhanced market access around the world, he led a team of 1,700 professionals in 78 countries and all the 50 states of the U.S. The Global Markets unit and USFCS saw substantial growth in coverage and impact during his tenure. During that time, Mr. Kumar also had a special focus on the U.S.-India economic relationship, helping establish high level bilateral dialogues in areas ranging from innovation to infrastructure and working closely with the U.S. India CEO Forum.
Prior to his nomination by President Obama, Mr. Kumar was a partner at
KPMG LLP in the US and was a member of the Board of the firm. Based
in Silicon Valley, he led KPMG's Management Consulting practice in the
West. Before joining KPMG, he was a co-founder, CEO, and CFO of three
technology companies in Silicon Valley; over the years, Mr. Kumar has
been a mentor to entrepreneurs in Silicon Valley and India.
Mr. Kumar is a member of the Council on Foreign Relations. He serves as
Chair of the Wadhwani Institute of Technology and Policy. Mr. Kumar is
an advisor to the Board of Directors of the US-India Business Council. He
serves on the Board of Indiaspora, an organization that links accomplished
and influential people of Indian origin in many countries to enhance the
relationships between their country of residence and India.
He is the author of two books of poetry, Plain Truths, published in 2010 by
Current Books, and Mantram Beach, published in 2020 by the Aleph Book
Company. He co-edited Kerala's Economy: Crouching Tiger, Sacred
Cows, published in 2007 by DC Books.
Mr. Kumar received his master's degree from the MIT Sloan School of
Management. He earned his undergraduate degree, in physics, as a National
Science Talent Scholar, from the University of Kerala, Trivandrum.