NEW FACES IN PSUS
Vijay Sharma assumes office as LIC Chairman
MUMBAI. Shri Vijay Kumar Sharma on Tuesday assumed charge as Chairman of the nation's largest financial powerhouse Life Insurance Corporation. The Government had on Wednesday appointed Sharma, who was named Acting Chairman on September 16, as the head of the state-run life insurer, where he will have a five-year term.
Sharma, a Managing Director, was given the role of Acting Chairman when incumbent S K Roy was relieved of his duties. Roy had resigned in June, nearly two years ahead of his term. He was appointed in June 2013 by the previous Congress-led UPA Government.
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