Vindi Banga: Business Outlook in a Changing World
Once again this year, thousands of the world’s leading economic and business players met in the little Swiss ski town of Davos. And once again, the key topics and discussions had little to do with winter sports. The reasons are obvious. There’s a lot going on in the world today and plenty of questions: As global political economies continue to evolve at an increased pace, how much will leaders factor geopolitics into evaluating potential transactions? How do global population and health trends affect the ways companies and investors think about investing in and managing businesses? Can innovation, entrepreneurialism and investment meet the challenges of climate change? And what about technology? As jobs increasingly get disintermediated by Artificial Intelligence, how should businesses, governments and individuals balance the opportunities that tech brings with its equally challenging implications? To find out, we spoke with Clayton, Dubilier & Rice London-based Operating Partner Vindi Banga. Some background on Vindi’s global business and policy efforts: Banga spent 33 years at Unilever, where he served as executive board member and president of Global Foods, Home & Personal Care. He led the creation of a 'One Unilever' agenda for the Foods, Home & Personal Care organization, responsible for innovation and marketing mix development across 170 countries for all 270 Unilever brands. Vindi also was responsible for Unilever's sustainability agenda, an issue – as you’ll hear – he has learned and thought about since his childhood in India. Vindi served on the Prime Minister of India's Council of Trade & Industry from 2004 to 2014, and in 2010 the India’s President awarded him the Padma Bhushan, one of the country’s highest civilian awards.