WNS Limited, a leading provider of global business process outsourcing (BPO) services, announced the appointment of Adrian Dillon and Mrs. Renu Karnad to the Board of Directors of WNS (Holdings) Limited with immediate effect.
Dillon is currently a member of the Board of Directors and Chair of the Audit and Finance Committees of Williams-Sonoma, Inc, a specialty retailer of high-quality home products. Dillon was a member of the Board of Directors and Chair of the Audit Committee at NDS, a leading global provider of end-to-end software solutions to the pay-television industry when the company was acquired by Cisco in 2012.
During his career, Dillon has held key finance roles including Chief Financial and Administrative Officer at Skype Limited and EVP, Finance and Administration and Chief Financial Officer at Agilent Technologies. Dillon graduated from Amherst College with a B.A. degree in economics.
Mrs. Karnad is currently the Managing Director of Housing Development Finance Corporation Limited (HDFC Ltd) and is also a Director on several other Boards, including BOSCH Limited and AKZO Nobel India Limited. In her current role, Mrs. Karnad is responsible for strategy, budget, product development and distribution for all India lending operations. She is also highly involved in policy planning with regard to the housing industry in India.
Mrs. Karnad is a law graduate from the University of Mumbai and holds a Masters degree in Economics from the University of Delhi. She has also been a Parvin Fellow at Princeton University's Woodrow Wilson School of International Affairs.
Deepak Parekh, who joined WNS's Board of Directors in July 2006, has chosen not to stand for re-election and as a result, the term of his directorship expired at the company's most recent Annual General Meeting on September 4, 2012.
"We thank Deepak for his 6 years of service and his contributions to the company. We are excited to have both Adrian and Renu join the Board of Directors, and are confident that their rich experience, strong relationships and unique business perspectives will be invaluable assets to WNS," said Eric Herr, Chairman of WNS's Board of Directors.
Dillon will serve on the Audit Committee while Mrs. Karnad will serve on the Compensation Committee. With Parekh's departure and the addition of Dillon and Mrs. Karnad, WNS's Board of Directors now consists of eight directors, six of whom satisfy the "independence" requirements of the NYSE listing standards.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.