Sanjeev Mantri ICICI Lombard
Sanjeev Mantri, Executive Director, ICICI Lombard General Insurance Company Ltd
Sanjeev Mantri has been appointed the brand new Managing Director and Chief Executive Officer (CEO) of ICICI Lombard.
ICICI Lombard’s Board of Directors have authorized the appointment of Sanjeev Mantri, presently Executive Director of the Firm, as Managing Director & CEO of the Firm with impact from December 1, 2023 or the date of approval from Insurance Regulatory and Development Authority of India (IRDAI), whichever is later for the interval of 5 (5) consecutive years or his date of retirement whichever is earlier.
Mantri, who’s presently an Executive Director at ICICI Lombard General Insurance, will take over his new function from December 1, 2023, or the date of IRDAI approval, whichever is later, for a interval of 5 consecutive years.
Sanjeev Mantri (Source : LinkedIn)
Mantri joined ICICI Lombard in 2015 within the function of Executive Director. Previous to that he was with ICICI Bank.
The overall insurer’s newest transfer to nominate Mantri because the MD&CEO of the corporate follows the current resignation of Bhargav Dasgupta as MD&CEO of the corporate.
Sanjeev Mantri, in a profession spanning over 28 years, started his profession with Bennett Coleman and Co., adopted by key management positions at BNP Paribas.
Sanjeev Mantri has been with the ICICI Group for over 20 years starting his profession with ICICI Bank in 2003, the place he led many companies together with Financial institution’s Small & Medium Enterprises Group and the Rural and Inclusive Banking Group.
ICICI Lombard’s Board, which met on Sunday, took on document Bhargav’s resignation and famous that he could be officiating his present obligations as MD&CEO until the close of business hours on November 30, 2023.
The personal common insurer will quickly search approval of the members of the company via postal poll for appointment of Sanjeev Mantri as MD&CEO of the corporate, it mentioned in a submitting with the inventory exchanges after the Board assembly.
Dasgupta, who held the put up of MD & CEO of ICICI Lombard for 14 years, had resigned few days back to pursue a profession outdoors India. Over the 14 years when Bhargav was on the helm, the corporate’s revenues grew six occasions and net earnings 78 occasions.
The appointment could be for the interval of 5 consecutive years or his date of retirement whichever is earlier, subject to the approval of IRDAI and the members of the corporate it mentioned.
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