ICICI Prudential Asset Management Company Limited has informed the Exchange regarding Appointment of Mr. Prashant Kumar (DIN: 07562475) as an Additional Director in the category of Independent Director of the company w.e.f. May 01, 2026.
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ICICI Prudential Asset Management Company Limited has announced the appointment of Mr. Prashant Kumar as an Additional Director in the category of Independent Director, effective May 1, 2026. He will serve for a term of 5 years until April 30, 2031, subject to shareholder approval. Mr. Kumar recently stepped down as MD & CEO of YES BANK on April 5, 2026, after leading the bank's turnaround following its reconstruction in 2020. Prior to YES BANK, he served as Deputy Managing Director & CFO at State Bank of India for 34 years. He holds degrees in science and law from Delhi University. The appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee.
The appointment brings significant banking and financial sector expertise to ICICI Prudential AMC's board, which could strengthen governance and strategic oversight. The addition of an experienced independent director is generally viewed positively by investors.