Mahendra Kumar Sharma appointed as non-executive Chairman of ICICI Bank [ Current Affairs ]

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Eminent Mahendra Kumar Sharma appointed as non-executive chairman of India’s largest private sector lender Industrial Credit and Investment Corporation of India (ICICI) Bank. Mahendra Kumar Sharma will succeed K V Kamath who had resigned from top most in order to join as President of the Shanghai based New Development Bank established by the BRICS nations.

  • At present, Sharma is an independent director of two subsidiaries of ICICI Bank viz ICICI Lombard General Insurance Company and ICICI Prudential Asset Management Company.
  • Sharma also had served as a member of the Corporate Law Committee formed by Union Ministry of Corporate Affairs to redraft the Companies Act. He was also a member of the Committee on Corporate Governance formed by the Union Government.
  • During 1974 to 2007, Sharma was vice-president of Hindustan Unilever (HUL) and was associated with HUL.
  • In 1974, Sharma had joined HUL as a legal manager who has strong understanding of legal and corporate governance matters.

- Published on: June 17, 2015