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Axis Capital CEO Dharmesh Mehta steps down

Press Trust of India  |  New Delhi 

Leading Investment Axis Capital Tuesday said its MD & has stepped down.

The also said it has elevated Salil Pitale and Chirag Negandhi as Joint Managing Directors and

Pitale and Negandhi's appointment will be with immediate effect, the company said in a statement.

"Dharmesh Mehta, MD & of Axis Capital today submitted his resignation, having decided to pursue other interests," the company said.

The Board of Axis Capital in a meeting held today accepted Mehta's resignation.

It further said: "The Board has decided to elevate Salil Pitale and Chirag Negandhi as Joint Managing Directors & Co-Chief Executive Officer".

However, their elevation will be subject to requisite regulatory approvals, it added.

Both are currently at Axis Capital since 2016.

Pitale has been with Axis Capital and since 1999, and has led several sector practices for the

While, Negandhi is with Axis Capital since 2005.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 22:25 IST