HDFC Standard Life insurance company has appointed Vibha Padalkar as the company's next Chief Executive Officer (CEO) and Executive Director. Padalkar, who is currently the insurer's Chief Financial Officer (CFO), will take over from Amitabh Chaudhry, who recently left the company to head Axis Bank.
After Chaudhry's exit, HDFC Standard Life's board of directors met on Wednesday to announce the succession plan.
Padalkar has been with PriceWaterCooperhouse, Colgate-Palmolive and WNS Global Services.
She is a registered chartered accountant with the Institute of Chartered Accountants in India as well with the Institute of Chartered Accountants in England and Wales.
HDFC Standard Life is the top performing listed insurance company in the country with a market cap of over Rs 907 billion.