Chanda Kochhar on leave, ICICI names Girish Chaturvedi as non-executive chairman
ICICI Bank
Chaturvedi, a former Indian Administrative Services officer, most recently served as chairman of the Warehousing Development and Regulatory Authority.
India's ICICI Bank Ltd said on Friday it appointed Girish Chandra Chaturvedi as part-time, non-executive chairman, effective July 1.
Chaturvedi, a former Indian Administrative Services officer, most recently served as chairman of the Warehousing Development and Regulatory Authority.
He has also served as a government nominee director on the boards of Life Insurance Corp (LIC) of India, Canara Bank, Bank of Baroda, IDBI Bank Ltd and IDFC Ltd.
ICICI Bank's current Chairman MK Sharma's term expires on June 30, the bank said in a statement.
The bank, India's third-largest lender by assets, also named Chaturvedi as an independent director for three years.
This comes shortly after the bank tapped group veteran Sandeep Bakhshi to be its interim head, with Chief Executive Chanda Kochhar on leave pending a probe over an alleged conflict of interest.