ICICI Bank executive director Anup Bagchi will take over as MD & CEO of ICICI Prudential Life Insurance after incumbent N S Kannan retires on June 18.
In their meeting, the board of ICICI Prudential approved the appointment of Bagchi as CEO and, to ensure a seamless transition, appointed him as chief operating officer with effect from May 1. Bagchi was appointed ED of the bank in February 2017 and was non-executive director of the life company since October 2018.
The board placed on record appreciation of Kannan’s service and contribution to the growth and success of ICICI Group over the last 30 years across a variety of roles.
