Fairfax India Appoints Sharmila Karve to Its Board of Directors
October 03 2022 - 6:45AM
Fairfax India Holdings Corporation (“Fairfax India” or the
“Company”) (TSX: FIH.U) announces that it has appointed Ms.
Sharmila Karve as an independent director.
Ms. Karve spent most of her career at
PricewaterhouseCoopers (PwC) in India and was admitted to the
partnership in 1997. In 2007, Ms. Karve was appointed as the Ethics
and Business Conduct Leader for PwC India and in 2009, Ms. Karve
was appointed Head of Audit. In 2017, Ms. Karve was appointed as
the Diversity and Inclusion Leader for PwC’s Global Network and,
also in 2017, she became the first person from India to be
appointed to the Global Leadership Team and the Global Human
Capital Team. Ms. Karve is a qualified Chartered Accountant and
holds a Bachelor of Commerce degree from R.A. Podar College of
Commerce and Economics in Mumbai. Ms. Karve serves on the board of
directors of CSB Bank Limited (a portfolio company of Fairfax
India) and Thomas Cook (India) Limited (a subsidiary of Fairfax
India’s parent company, Fairfax Financial Holdings Limited).
Ms. Karve replaces Mr. Anthony (Tony) Griffiths,
who has retired as an independent director of Fairfax India. Mr.
Griffiths has been on the board of Fairfax India since its
inception, as the lead director, a member of the Audit Committee
and Chair of the Governance, Compensation and Nominating
Committee.
Prem Watsa, Chairman of Fairfax India,
commented, “We are so fortunate to have had the privilege of Tony’s
wisdom, experience, business acumen and sense of humour for all of
these years. We wish Tony all the best in his retirement. We are
also very excited to welcome Sharmila to the board of Fairfax
India. Her financial expertise and in-depth knowledge of India will
be a wonderful asset to Fairfax India.”
About Fairfax India
Fairfax India is an investment holding company
whose objective is to achieve long-term capital appreciation, while
preserving capital, by investing in public and private equity
securities and debt instruments in India and Indian businesses or
other businesses with customers, suppliers or business primarily
conducted in, or dependent on, India.
For further information, contact: |
|
John Varnell, Vice President, Corporate Affairs |
|
|
(416) 367-4755 |