With effect from 10th December, the ministry of finance(MoF), has asked Reena Bhatnagar, general manager, GIC Re and and Deepak Prasad, GM, GIC Re to jointly discharge the function of the chairman cum managing director(CMD) of GIC Re.
This joint-in-charge at the state owned reinsurer will continue till such appointment is made to the post of CMD by the government or until further orders, whichever is earlier, said MoF order on Tuesday. .
A similar earlier arrangement where Sashikala Muralidharan.GM,whole-time director & chief financial officer, GIC Re and Bhatnagar were discharging the function of CMD of the organisation, after Alice Vaidyan had retired as the CMD of company in July end, had ended in Nov 30 after Muralidharan had retired last month.
The government is yet to finalise the appointment of Devesh Srivastava, general manger, who has been selected as the CMD of the GIC Re by the Banks Board Bureau.
The interview for selecting the CMD of GIC Re and Agriculture Insurance Company(AIC) had taken place on Sept 27.and the (BBB) had selected Srivastava and M Poddar for the GIC Re and AIC respectively..