Deepak Parekh appointed non-executive director of DP World

DP World Limited today announced the appointment of HDFC chairman Deepak Parekh to its board of directors, as a non-executive director, with immediate effect.

Parekh, a chartered accountant by profession, is the non-executive chairman of India's top housing finance institution, HDFC Ltd.

As chairman and CEO of HDFC, Parekh has led the housing finance institution to diverse areas such as banking, asset management, life insurance etc.

Parekh is also on the boards of several leading corporations, including Infrastructure Development Finance Company (IDFC), GlaxoSmithkline Pharmaceuticals Ltd, Siemens India Ltd, Lafarge India and Wireless Network Services.

Parekh has also been a member of the Indian government appointed committees and advisory panels on infrastructure reform, capital markets and financial services.

Deepak Parekh is an independent director and is the fourth independent director on the board of DP World.