 "Bhargav Dasgupta steps down as MD & CEO of ICICI Lombard General Insurance")
ICICI Lombard General Insurance Company announced the resignation of its MD & CEO Bhargav Dasgupta in a late exchange filing on Thursday. He tendered his resignation on September 21, 2023. The resignation letter stated that he would pursue career opportunities outside the country.
Taking note of his resignation, the board is in the process of filling the resulting vacancy. "Bhargav Dasgupta shall be officiating his responsibilities till his last working date, which shall be intimated in due course of time," said the exchange filing on Thursday.
Dasgupta, who was appointed as the MD & CEO of the general insurer in May 2009, served the company for over 14 years. Dasgupta stated in his resignation letter that he aided in “growing revenue 6 times and net profit 78 times across these years".
Also Read: Who is Aparna C Iyer? All you need to know about IT major Wipro's new CFO
Also Read: Who is Aparna C Iyer? All you need to know about IT major Wipro's new CFO
He was set to step down from his position in April 2024 after completion of 15 years at the helm of the company.
At 10:35 AM ICICI Lombard General Insurance Company traded 1.21 per cent down at Rs 1339.15 on the National Stock
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%