Mr Banga is a Partner with Clayton, Dubilier & Rice LLP (CD&R LLP), a leading global private equity investment firm, in London. Within the CD&R portfolio, he is currently chairman of the Mauser Group and, until recently, chairman executive committee for Diversey and a board member for B&M Stores. He is a non-executive director on the boards of Thomson Reuters Corporation and Marks and Spencer plc.

Prior to joining CD&R, he was the chairman and managing director of Hindustan Unilever Ltd in India from 2000 to 2005 and president global foods, home and personal care and member of the Unilever plc Executive Board in London from
2005 until 2010. He is currently chairman of the Confederation of British Industry’s Economic Growth Board. He was on the Prime Minister of India’s Council of Trade and Industry and was awarded the Padma Bhushan by the Government of India.

Mr Banga is an alumnus of the IIT Delhi and IIM Ahmedabad; he is on the Board of Governors of the IIM Ahmedabad as well as the Supervisory Board of the Indian School of Business, Hyderabad.