CD&R’s Banga Joins Marks and Spencer Board

Marks and Spencer Group plc has added Manvinder Banga to its board as a non-executive director, effective September 1. Banga is currently an operating partner with Clayton Dubilier & Rice. Earlier in his career he worked in various positions with Unilever plc, including president of the global foods, home and personal care businesses and a member of the Unilever executive board.


Marks and Spencer Group plc (Marks & Spencer) today announces the appointment of Manvinder (Vindi) Banga to its Board as a Non-Executive Director. He will take up his appointment on 1 September 2011.

Vindi is currently an operating partner of private equity investment firm Clayton Dubilier & Rice LLP. Prior to this, he spent 33 years at Unilever plc, where he was the former President of the Global Foods, Home and Personal Care businesses and member of the Unilever Executive Board. Previously Vindi was President, Home and Personal, Asia and Chairman and Managing Director of Hindustan Unilever Ltd, Unilever’s operating company in India.

Vindi is a non-executive director of Thomson Reuters and Maruti Suzuki India Ltd. He has sat on the Prime Minister of India’s Council of Trade & Industry since 2004 and sits on the Board of Governors of the Indian Institute of Management (IIM), Ahmedabad, and the Governing Board of the Indian School of Business (ISB), Hyderabad.
Commenting on the appointment, Robert Swannell, Chairman of Marks & Spencer said: “I am delighted to welcome Vindi to the Board. He brings a wealth of experience of global business and extensive consumer and brand knowledge. His insights will further support the Board discussion on our strategy, set out by Marc Bolland in November 2010, to become an international multi-channel retailer.”

Vindi Banga said: “I am looking forward to joining the Board of Marks & Spencer and participating in the continued development of this iconic retailer.”