ICICI Prudential Asset Management Company Limited has informed the Exchange regarding Change in Director(s) of the company.
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ICICI Prudential AMC announced that Mr. Guillermo Eduardo Maldonado-Codina (DIN: 10178467) has resigned from the Board of Directors, effective end of business hours on March 30, 2026. In his place, Mr. Rajeev Mittal (DIN: 03469388) has been appointed as a Non-Executive (Additional) Director effective March 31, 2026, subject to shareholder approval. Mr. Mittal is currently the CEO of Eastspring Investments Group, the asset management arm of the Prudential Group (joint venture partner in ICICI Prudential AMC), and brings over 30 years of asset management experience from firms including Fidelity International, AIG, and PineBridge Investments. The changes were approved at the Board meeting held on March 26, 2026, based on the recommendation of the Nomination and Remuneration Committee.
This is a routine board representation change within the Prudential Group's related entities. The incoming director brings senior global asset management experience from the promoter group, which should be viewed as neutral to slightly positive for governance continuity. No material impact on the company's operations or shareholder value is expected.