LIC gives additional charge of MD and CEO to Sat Pal Bhanoo
Siddhartha Mohanty has retired from his post as Chairman and Non-Executive (Nominee) Director from the Board of the Company
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Published: Jun 9, 2025 10:50 AM | 1 min read
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Life Insurance Corporation of India (LIC) has given additional charge of MD and CEO to Sat Pal Bhanoo.
"The Department of Financial Services, Ministry of Finance, vide its letter dated June 7, 2025 conveyed the approval of the competent authority, entrusting the financial and administrative powers and functions of the CEO and MD of the Corporation, for a period of 3 months with effect from June 8, 2025, that is up to September 7, 2025 or till assumption of charge of the post by the regular incumbent," the insurer informed the stock exchange in a regulatory filing.
This follows Siddhartha Mohanty retiring from his post as Chairman and Non-Executive (Nominee) Director from the Board of the Company.
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