ICICI Bank shuffles its management deck
27 Jan 2009
ICICI Bank has announced a spate of movement of it senior management.
N S Kannan, presently executive director of ICICI Prudential Life Insurance will take the post of executive director and CFO, ICICI Bank, which had fallen vacant after the promotion of Chanda Kochhar, who will succeed K V Kamath as CEO and managing director on 1 May 2009, a day after K V Kamath retires.
On 19 December, ICICI Bank had named its joint managing director Kochhar to succeed Kamath as (See: Chanda Kochhar to succeed K V Kamath as CEO, ICICI Bank)
Kamath will take over as non-executive chairman on from 1 May 2009, a day after his retirement on 30 April 2009, for a 5-year term till 31 March 2014.
Madhabi Puri Buch, presently executive direcor ICICI Bank, will move over to ICICI Securities as its managing director and CEO effective from 1 Febuary 2009.
K Rajkumar presently group chief human resources officer will take up the appointment of executive director on the ICICI Bank. He will oversee the operations and credit and treasury middle office functions in addition to human resource management. He will assume his post from 1 February 2009
Pravin Vohra, group chief technological officer has been nominated as non-executive director on the board of I-Sec.
