ICICI Bank's ED Ramku­mar Re­tires

The Economic Times - - Markets: Beating Volatility - Joel.Re­bello@ times­group.com

Mum­bai: K Ramku­mar, ex­ec­u­tive di­rec­tor and mem­ber of the board at ICICI Bank, has taken vol­un­tary re­tire­ment from the Mum­bai-based lender af­ter a 15year stint, the bank said in a state­ment. Ramku­mar, the for­mer head of hu­man re­sources at the lender was cur­rently in charge of op­er­a­tions and pres­i­dent of the bank’s non-profit ICICI Foun­da­tion. “Ramku­mar has opted for early re­tire­ment to pur­sue his per­sonal in­ter­ests in the area of lead­er­ship con­sult­ing, research and train­ing,” the bank said.

He will be re­placed on the bank’s board by an­other ICICI veteran Vi­jay Chan­dok who has been ap­pointed as ex­ec­u­tive di­rec­tor sub­ject to reg­u­la­tory ap­provals.

Chan­dok joined ICICI in 1993 and has been with the lender for 23 years in dif­fer­ent roles in cor­po­rate bank­ing, project fi­nance, re­tail as­sets, ru­ral and in­clu­sive bank­ing, the bank said.

He is cur­rently, in charge of SME (small and medium en­ter­prises) and in­ter­na­tional bank­ing at ICICI. Chan­dok is likely to be in charge of com­mer­cial bank­ing, SME and in­ter­na­tional bank­ing.

He will join Ra­jeev Sab­har­wal (in charge of re­tail bank­ing), Vishakha Mu­lye (in charge of whole­sale bank­ing) and NS Kan­nan (in charge of fi­nance and trea­sury) as the fourth ex­ec­u­tive di­rec­tor on the bank’s board.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.