Nykaa appoints Santosh Desai as an independent director

FSN E-Commerce Ventures, owner of the beauty and fashion platform Nykaa, announced the appointment of Santosh Desai as an independent director on its board of directors with effect from July 15, 2024. According to the announcement, the appointment is subject to shareholder approval.

“FSN E-Commerce Ventures (NYKAA) has announced the appointment of Santosh Desai as an independent director on its board with effect from July 15, 2024 for a period of three years, subject to shareholder approval,” the statement said.

Desai, an alumnus of IIM-Ahmedabad, served as the CEO of Future Brands for almost 17 years. He also served as the CEO of McCann, one of India’s leading advertising agencies.

Desai currently serves on the boards of Think9 Consumer Technologies, Dainik Jagran Group and Breakthrough.

According to the release, Nykaa’s current board of directors consists of 10 members with expertise in business strategy, technology, entrepreneurship, finance, governance and regulation, human capital management and CSR.

Nykaa Executive Chairman, Founder and CEO Falguni Nayar said, “We are confident that Santosh’s strategic guidance will help drive our vision to enhance the value of the Nykaa brand and strengthen our existing bouquet of brands for long-term global success.”