At meeting held on 18 June 2018
The Board of ICICI Bank has decided to appoint Sandeep Bakhshi, as Wholetime Director & Chief Operating Officer designate, ICICI Bank. His appointment as COO will be for a period of five years, subject to regulatory approvals. He will take over as the COO from 19 June 2018, or on the date of regulatory and other approvals, whichever is later.Bakhshi will be responsible for handling all the businesses and corporate centre functions at the Bank. All Executive Directors on the Board of ICICI Bank and the executive management will report to him. Bakhshi will report to Chanda Kochhar, who will continue in her role as MD & CEO of ICICI Bank.
In line with the highest levels of governance and corporate standards, Chanda Kochhar has decided to go on leave till the completion of the enquiry as announced on 30 May 2018. The Board has noted and accepted this. During her period of leave, the COO will report to the Board.
ICICI Bank Board also recommended to the Board of Directors of ICICI Prudential Life Insurance Company to appoint N. S. Kannan as the Managing Director & Chief Executive Office (CEO) of the company subject to regulatory and other approvals.
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