S Bakshi takes over as ICICI Life MD and CEO as Vaidyanathan quits
31 Jul 2010
V Vaidyanathan, managing director and CEO, ICICI Prudential Life Insurance has put in his papers at the insurance company. He will now join Kishore Biyani-led Future Group's financial services arm, Future Capital.
Vaidyanathan had joined the ICICI group in 2000, and assumed the post of executive director in 2006. At ICICI, he handled the retail division before being appointed the head of the life insurance unit following the resignation of K V Kamath.
Sandeep Bakshi, deputy managing director of ICICI Bank will take over Vaidyanathan's duties.
The move is fourth in the string of resignations at ICICI at the executive level including Shikha Sharma who headed to Axis Bank, Sanjoy Chatterjee to Goldman Sachs and Renuka Ramnath of ICICI Venture Funds.
Vaidyanathan worked with Citibank prior to ICICI.
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