Announced Thu, 26 Mar · 15:47 IST

ICICI Prudential Asset Management Company Limited has informed the Exchange regarding Resignation of Mr Guillermo Eduardo Maldonado-Codina as Non- Executive Director of the company w.e.f. March 30, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹2902.00
prior close
₹2871.00
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AI summary

ICICI Prudential AMC has accepted the resignation of Mr. Guillermo Eduardo Maldonado-Codina (DIN: 10178467) as Non-Executive Director, effective from the close of business hours on March 30, 2026. He also stepped down from the Nomination and Remuneration Committee. The Board simultaneously approved the appointment of Mr. Rajeev Mittal (DIN: 03469388) as Non-Executive (Additional) Director with effect from March 31, 2026, subject to shareholder approval. Mr. Mittal is currently the CEO and Board member of Eastspring Investments Group (the Prudential group's asset management arm) and brings over 30 years of asset management experience from Fidelity International, AIG, and PineBridge Investments. The change is part of a routine board reshuffle with no governance concerns flagged.

Likely market impact

This is a routine director-level change with no impact on operations or management of the AMC. The incoming director is a senior Prudential Group executive, suggesting continued alignment between ICICI Prudential AMC and its global parent. Investors are unlikely to see any material effect on the stock or business performance.