Axis Bank re-appointed Amitabh Chaudhary as MD and CEO

The Bank Board has also recommended the names for the post of Independent Director.

Axis Bank re-appointed Amitabh Chaudhary as MD and CEO

Based on the recommendations of the Nomination and Remuneration Committee, the Board approved the re-appointment of Amitabh Chaudhry as MD & CEO of the Bank, for a further period of three years with effect from January 1, 2025, up to December 31, 2027 (both days inclusive), subject to the approval of the Reserve Bank of India (RBI) and approval of the members, in terms of applicable laws.

Amitabh Chaudhry, age 59 years, joined Axis Bank Limited as MD & CEO with effect from January 1, 2019, after successfully leading HDFC Standard Life Insurance Company Limited (HDFC Life), for over nine years. Under his leadership, HDFC Life emerged as the finest brand in the life insurance space and is one of India’s largest private life insurers.

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He is an Engineer from Birla Institute of Technology and Science, Pilani, and a graduate in Business Management from IIM, Ahmedabad.

Along with this, the board has also recommended with the Nomination and Remuneration Committee,  the re-appointment of Meena Ganesh as an independent director of the Bank for the second term of four years with effect from August 1, 2024, up to July 31, 2028 (both days inclusive), subject to the approval of the members of the Bank.

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Including the re-appointment of Gopalaraman Padmanabhan as an independent director of the Bank for the second term of four years with effect from October 28, 2024, up to October 27, 2028 (both days inclusive), subject to the approval of the members of the Bank.

Meena Ganesh, age 60 years, has been an Independent Director of Axis Bank since August 1, 2020. At Axis Bank, she serves as the chair of the Nomination and Remuneration Committee and is a member of the Audit Committee, Acquisitions, Divestments and Mergers Committee, and the Corporate Social Responsibility Committee. She earlier served as chair of the Information Technology and Digital Strategy Committee.  

 

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