Management Change2 Oct 2026, 05:10 pm
ICICI Prudential Life Insurance MD & CEO Resigns, New CEO Appointed
AI Summary
ICICI Prudential Life Insurance Company Ltd announced a significant change in its top leadership. Mr. Anup Bagchi has resigned as Managing Director and Chief Executive Officer, effective October 13, 2026. The Board of Directors expressed appreciation for his contributions. Concurrently, the Board approved the appointment of Mr. Sidharatha Mishra as Chief Operating Officer from October 6, 2026, and as Additional Director and Managing Director & CEO from October 14, 2026, for a five-year term, subject to regulatory approvals. Mr. Mishra brings over 26 years of banking experience.
Key Highlights
- Anup Bagchi resigns as MD & CEO effective October 13, 2026.
- Sidharatha Mishra appointed COO from October 6, 2026.
- Sidharatha Mishra appointed MD & CEO from October 14, 2026.
- Mishra's appointment is for five years, subject to approvals.
- Bagchi's tenure saw the company emerge as a resilient franchise.
Price Impact
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