New Delhi: The ICICI Bank board on Friday approved the appointment of Girish Chandra Chaturvedi as its non-executive, part-time chairman.
He has been appointed for a period of three years effective 1 July, 2018.
Chaturvedi’s appointment comes as the term of M K Sharma, the current chairman of ICICI Bank, ends on June 30. It will be subject to the Reserve Bank of India’s (RBI) approval.
“This is to inform you that the Board of Directors of ICICI Bank at its Meeting held today appointed Mr. Girish Chandra Chaturvedi as an Additional (Independent) Director effective July 1, 2018 for a period of 3 years subject to the approval of shareholders,” ICICI Bank informed the stock exchanges today.
Chaturvedi has served as an IAS officer from the 1977 batch and retired as the country’s oil secretary in January 2013.
Chaturvedi has served as Additional Secretary in the Financial Services with the government of India, and held various other senior-level positions in the government.
Girish Chandra Chaturvedi holds an M.Sc. in Physics and Social Policy from London School of Economics, UK. He holds a doctorate in economic history from the University of Oxford.