S K Roy takes charge as LIC managing director

S K Roy has taken charge as managing director of Life Insurance Corporation of India (LIC), with immediate effect. Roy is one of the contenders for the post of the LIC chairman.

Present chairman D K Mehrotra will retire from this post today.

Roy joined LIC in 1981 as a direct recruit officer. He has served the corporation in prominent positions like Area Manager, LIC HFL, secretary (legal), chief (SBU-estate), regional manager (P&IR), executive director (marketing/bancassurance & alternate channels).

He was zonal manager of North Central Zone from 2009 to 2011 and from 2011 to 2013 he was in charge of Eastern Zone, one of the premier zones of the corporation. He had been recently posted as head of the International Operations before taking over as managing director.

The government has conducted interviews for the post of the chairman of Life Insurance Corporation of India (LIC). Five candidates including LIC managing director Sushobhan Sarkar, LIC Housing Finance MD & CEO V K Sharma, apart from three executive directors S B Mainak, S K Roy and Usha Sangwan had appeared for the interview.

In June 2013, LIC managing director Thomas Mathew will retire from his post.