Axis Bank announced that its Board has accepted Amitabh Chaudhry’s re-appointment as the Managing Director (MD) and Chief Executive Officer (CEO) for another three years, beginning January 1, 2025, and ending December 31, 2027.
The re-appointment is subject to the Reserve Bank of India’s (RBI) and members’ approval under applicable regulations, the bank stated in a notification to exchanges.
Chaudhry became CEO of Axis Bank in January 2019 after serving as HDFC Standard Life’s CEO. Chaudhry succeeded Shikha Sharma as Axis’ CEO.
Chaudhry has initiated various projects at Axis over the last five years, ranging from revamping technology platforms to changing how new business is acquired. Under Chaudhry’s leadership, Axis Bank purchased Citibank’s retail division in India in 2023, in what may be considered a significant transaction for the bank’s activities in the nation.
The board has also authorised Meena Ganesh’s reappointment as an independent director of the Bank for a second four-year term beginning August 1, 2024 and ending July 31, 2028, subject to the approval of the Bank’s members.
Also Read | Axis Bank registers ₹7,130 crore net profit in Q4 of FY24
It also accepted the re-appointment of Gopalaraman Padmanabhan as an independent director of the Bank for a second four-year term beginning October 28, 2024 and ending October 27, 2028, subject to the agreement of the Bank’s members, Axis Bank announced.
