Ujjivan Financial Services on Thursday said it has appointed Sanjeev Barnwal as its new chief executive officer.
The company's board of directors at its meeting on Thursday considered and unanimously approved the appointment of Sanjeev Barnwal as chief executive officer, it said in a regulatory filing.
His appointment will come into effect from Friday (September 10, 2021).
Ujjivan Financial said Barnwal will continue to be the company secretary (CS) and key managerial personnel (KMP) of the company.
His elevation comes as former head Carol Furtado assumed charge as the CEO of subsidiary Ujjivan Small Finance Bank last month.
He has corporate experience of over 17 years. Before joining Ujjivan, he was associated with SMC Capitals Ltd as associate vice-president and CS.
Ujjivan said Barnwal's corporate and investment banking experience and active interactions with regulators, among others, and long association with Ujjivan will continue to add value to his larger role and responsibility as the company's CEO.
He holds 6,000 equity shares (0.005 per cent stake) of the company, it said.
Shares of the company on Thursday closed at Rs 157.20 apiece on the BSE, up 9.81 per cent from the previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.