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Kannan Becomes CFO of ICICI Bank; Madhabi Puri-Buch CEO of ICICI Sec

24 January, 2009

ICICI Bank on Saturday announced a few senior level appointments. N.S. Kannan has been appointed as the Executive Director and Chief Financial Officer on the board with effect from May 1. Kannan fills the vacancy caused by the elevation of Chanda Kochhar as Managing Director and CEO of the bank, with effect from May 1, ICICI Bank said in a statement.

Kannan is presently Executive Director of ICICI Prudential Life Insurance Company. 

Another senior level appointment is that of Madhabi Puri-Buch who will become the MD and CEO of ICICI Securities. Puri-Buch will take over from February 1, 2009. She will replace S Mukherji who is retiring end of the month.

The appointments to the board of directors of ICICI Bank are subject to approval of the Reserve Bank of India and shareholders of the bank, the statement said.

Besides, the bank has appointed K Ramkumar, presently Group Chief Human Resources Officer, as an Executive Director of ICICI Bank effective from February 1, 2009 in place of Madhabi Puri-Buch.

The appointments to the board of directors of ICICI Bank are subject to approval of the Reserve Bank of India and shareholders of the bank, the statement said.

Ramkumar would oversee the operations, credit and treasury middle-office functions, currently being overseen by Puri-Buch, in addition to HR management, it said.

ICICI Bank has also decided to nominate Pravir Vohra, Group Chief Technology Officer, as a Non-Executive Director on the board of ICICI Securities in addition to his executive responsibilities.


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Kannan Becomes CFO of ICICI Bank; Madhabi Puri-Buch CEO of ICICI Sec

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