Private sector financial services firm IDFC on Sunday announced the appointment of Sunil Kakar as Managing Director and Chief Executive Officer of the company with effect from July 16 for three years.
"The Board of Directors of the Company at its meeting held on 24.06.2017 has approved the appointment of Sunil Kakar as Managing Director and CEO of the company for a period of 3 years w.e.f. July 16, 2017, subject to the approval of the shareholders at the ensuing AGM of the company," IDFC said in a stock exchange filing.
Kakar has also been appointed as Additional Director.
IDFC also announced that its board has approved the resignation of Vikram Limaye from the post of MD and CEO. He has been appointed Managing Director and CEO of the National Stock Exchange (NSE).
As per the profile provided by IDFC, Kakar joined the company as group Chief Financial Officer (CFO) responsible for finance, accounts, business planning, budgeting and investor relations, among others.
Prior to joining IDFC, Kakar worked with Max New York Life Insurance as CFO since 2001. He has also worked with Bank of America for 18 years in various roles.
--IANS
bc/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app