FSN E-commerce Ventures, which operates omnichannel beauty and fashion retailer Nykaa, has appointed Santosh Desai as an independent director on its board, starting in July, for a period of three years. Nykaa, which sells beauty, fashion and lifestyle products, announced the appointment of the brand consultant on 27 May 2024.
Desai has previously served as the chief executive officer of FutureBrands Consulting for nearly 17 years. He has also served as the President of McCann, an advertising agency. He was currently serving on the boards of Think9 Consumer Technologies, Dainik Jagran Group and Breakthrough. He is also a member of the governing council of Mudra Institute of Communication, Ahmedabad and Praxis Business School, Kolkata. He has earlier served on the boards of ING Vysya Bank and Oxfam India.
“We are confident that Santosh’s strategic guidance will help steer our vision to propel Nykaa’s brand equity and bolster our existing bouquet of brands for long-term global success,” said Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa.
“I am excited to join Nykaa as an independent director. Nykaa has driven a transformative change in the beauty and lifestyle landscape in India with its customer-centric approach to retail. I look forward to contributing to the continued success and growth of this dynamic organisation, leveraging my experience in brand strategy and advertising to help shape its highly promising future,” Desai stated.
Nykaa’s current board of directors comprise 10 members who offer their expertise in business strategy, technology, entrepreneurship, finance, governance AND & regulation, human capital management and corporate social responsibility (CSR), a release by the company added.
Other independent directors of the online beauty retailer are Milind Sarwate, Anita Ramachandran, Seshashayee Sridhara, and Pradeep Prameshwaram.
