Author Name: MP Rana
The board meeting of ICICI Bank is been scheduled for tomorrow, and the Board is likely to take a decision on the successor of the present CEO and Managing Director of the company- K V Kamath. The term of Kamath is completing on April 30, 2009 and there are great chances that Chanda Kochhar, the joint managing director and chief financial officer of ICICI Bank, will take over the mantle from him.
Kamath would now take on the responsibility of N Vaghul, as non-executive chairman of the bank. In 1971, Kamath joined Erstwhile ICICI Ltd. (the core institution that founded ICICI Bank) which was later on merged with ICICI Bank in the year 2002.
After gaining valuable experience with Asian Devlopment Bank, Kamath again joined ICICI as its CEO in the year 1996. Chanda Kochhar on the other hand, joined Erstwhile ICICI in 1984 as a Management Trainee, and from then she has made worthy contribution in making ICICI Bank the top private sector banking unit in India.
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