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ICICI Bank names Kannan as CFO, executive director

ICICI Bank names Kannan as CFO, executive director
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First Published: Sat, Jan 24 2009. 04 42 PM IST
Updated: Sat, Jan 24 2009. 04 42 PM IST
Mumbai: ICICI Bank Ltd on Saturday named N. S. Kannan as executive director and chief financial officer of the bank from 1 May, replacing Chanda Kochhar after she takes over from K.V. Kamath as chief executive officer and managing director.
Kannan is executive director at ICICI Prudential Life Insurance Co. Ltd (ICICI Life). He has also been inducted to the board, the bank said in a statement.
Madhabi Puri-Buch, currently executive director of ICICI Bank, was named managing director and chief executive of ICICI Securities Ltd from 1 February, after the current managing director and CEO S. Mukherji retires on 31 January.
Mint had reported on 5 January about ICICI Bank’s plans to appoint Kannan as CFO of the bank and Puri-Buch as MD and CEO of ICICI Securities.
K. Ramkumar, the group’s chief human resources officer, has been elevated to executive director of the bank from 1 February.
“He will oversee the operations and credit and treasury middle-office functions currently being overseen by Puri-Buch, in addition to human resources management,’’ the bank said.
Pravir Vohra, the group’s chief technology officer, has been nominated as a non-executive director on the board of ICICI Securities, in addition to his executive responsibilities.
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First Published: Sat, Jan 24 2009. 04 42 PM IST