29 February 2024 – In a strategic move to bolster its leadership team, PayU Payments Pvt Ltd has appointed Renu Sud Karnad as the Chairman of the Board of Directors. This crucial addition is part of PayU’s broader strategy to enhance its digital financial services offerings, cater to the evolving needs of the Indian market, and contribute to the nation’s journey towards increased digitization.
About the PayU Appointees:
- Renu Sud Karnad: With a distinguished career, including her role as the former Managing Director of HDFC, Renu Sud Karnad brings extensive experience in financial services. Currently serving as the President of the International Union of Housing Finance (IUHF) and Chairperson of the Board of GlaxoSmithKline Pharmaceuticals Ltd, her appointment is expected to significantly contribute to PayU’s strategic vision.
- Laurent Le Moal: As the former global CEO of PayU, Laurent Le Moal’s continued association with the company adds valuable industry insights. His expertise will play a pivotal role in shaping PayU’s strategies for sustained growth and innovation.
The Board’s composition includes independent directors, Gopika Pant and Jairaj Purandare, alongside non-executive and non-independent directors Laurent Le Moal and Jan Bune. The existing leadership team of PayU, represented by CEO Anirban Mukherjee and CFO Arvind Agarwal, completes the robust seven-member Board.
Expressing satisfaction with the formation of the Board, Anirban Mukherjee, CEO of PayU, highlighted the wealth of experience and diverse skill sets each member brings. The collective expertise aims to guide PayU in building a comprehensive suite of digital financial services that cater to India’s dynamic market.
Conclusion:
The strategic appointments, especially that of Renu Sud Karnad as the Chairman, underscore PayU’s commitment to fostering growth and innovation in the digital payments landscape. With a strengthened leadership team, PayU is well-positioned to navigate the evolving financial landscape in India, fostering digitization and financial inclusion. The collective vision of the Board is expected to drive PayU’s trajectory as a key player in shaping the future of digital finance in the country.
