LIC names Siddhartha Mohanty as its first CEO; why chairman post discontinued?
The government has named Siddhartha Mohanty as the first chief executive of the Life Insurance Corporation of India (LIC) for the term beginning in June 2024 to June 2025. He had been serving as the corporation’s interim chairman since March.
LIC, the country’s largest insurer has decided to phase out the chairman post to align with other publicly traded corporations.
