Sunny Verghese is New Chairman of WBCSD
Kochi: The World Business Council for Sustainable Development (WBCSD) has announced that Sunny Verghese, Co-Founder and Group Chief Executive Officer of Olam International, has been appointed as its new Chairman. He is the first person from Asia to hold the post. Verghese’s term begins on January 1, 2018 for a duration of two years.
The appointment was enacted by a vote from members at the 2017 Annual General Meeting of WBCSD, held during the organisation’s Council Meeting in Mexico City. Verghese will succeed Paul Polman, CEO of Unilever, who has been Chairman of WBCSD since 2014. Polman’s term ends on December 31, 2017.
Verghese co-founded Olam in 1989 and leads the company’s strategy, planning, business development and management. His external Directorships include the Human Capital Leadership Institute, and former Chair of International Enterprise Singapore. Verghese is the recipient of numerous awards, including the Ernst & Young Entrepreneur of the Year for Singapore in 2008 and Best CEO of the Year 2011 at the Singapore Corporate Awards. He was also awarded the Public Service Medal by the Government of the Republic of Singapore in 2010. Verghese also serves as a commissioner of the Business and Sustainable Development Commission (BSDC).
A range of additional appointments to the Executive Committee (ExCo) of WBCSD were also made during the AGM. They include, Ana Botín, Executive Chair, Banco Santander – reappointed as Vice Chair; Jean-Pierre Clamadieu, Chairman of the Executive Committee and CEO, Solvay – appointed as Vice Chair; Masami Yamamoto, CEO of Fujitsu – appointed as Vice Chair; Bruno Lafont - appointed as ExCo member for Arcelor Mittal; Takeshi Uchiyamada, Chairman of the Board, Toyota Motor Corporation – reappointed as ExCo member; Yaofeng Cao, Board Director of Sinopec Corp Vice President, China Petrochemical Corporation; Amanda Sourry, President, Foods, Unilever – appointed as ExCo member; Diogo Rodriguez da Silveira, CEO, The Navigator Company – appointed as ExCo member. The terms of these appointments also begin on January 1, 2018.