The five names are Rekha Solanki, GM, OICL, Anjana Saxena, National Ijsurance Company, Chandra Aiyyar, GM, NIA, Sanjay Joshi, GM, UII, Sachindra Salvi, MD & CEO, GIC Housing Finance.
New Delhi: The Ministry of Finance(Mof) has shortlisted names of five senior general mangers(GMs) for the selection of CMD of Delhi based Oriental Insurance Company(OIC).
The post has fallen vacant after RR Singh retired in Feb end after completing his two-year tenure in the company.
The five names are Rekha Solanki, GM, OIC, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India Assurance(NIA), Sanjay Joshi, GM, United India Insurance(UII), Sachindra Salvi, MD & CEO, GIC Housing Finance.
Except, Solanki, rest are all first timers in the CMD shortlisting.
Though, the rules say only executive directors(EDs), after a special cadre for EDs was created last year, are eligible for the shortlisting of eligible officials for the post of CMD, for OIC, only GMs have been included as there are shortage of EDs, who are having two years of residual services, a mandatory condition for any candidates to be eligible for CMD consideration.
However FSIB, the headhunting body for the selection of CMDs and executive directors of state owned financial institutions, has not fixed the date of interview for the post as yet.
Normally, the government appoints CMDs of PSU insurers much before the vacancies happen but in OIC case it has been delayed.
Industry analysts pointed out that the government has to appoint a new CMD for OIC quickly as the company’s will see more vacancies at its upper level soon. Rashmi Bajpai, ED, will be retiring this month end while Amit Misra, another ED of the company, has already been selected as a chair professor(Non-Life) at National Insurance Academy (NIA), Pune and waiting to be relieved.
Meanwhile, the government, with a bit of delay, has notified the appointments of new executive directors(EDs) at the state owned general insurance.
FSIB had selected these EDs in Oct, 2024.
The postings of new EDs are -Mathew George,CEO, Health Insurance TPA(HITPA), at UII , Kasturi Sengupta, GM, NIC at NIA, Rekha Solanki, GM, OIC as ED at NIC, Ayyappan Chakravarty Seshadri, GM, NIA at Agriculture Insurance Company, Sreedevi Nair, GM, NIA at NIC.
Like PSU banking system, the government has fixed a pay scale of Rs 1,76.800-2,24,000 for EDs in the PSU insurance industry.
Hearty congratulations Shir.Sachindra Salvi Sir. Our best wishes for securing the post of CMD in OIC.
Sachindra Salvi Sir is good leadership, strategic.Their guidance continues to drive our company toward success.”Their dedication and foresight make a significant impact on our organization’s progress.”Their ability to navigate challenges and create opportunities for success is an inspiration to all of us.”
Congratulations Sir
Hari om
Congratulation sir
Sir,
Hearty Congratulations and Best wishes for securing the post of CMD in OIC
congratulation sir , there are positive waves in your leadership.
Congratulation Sir,
“Shri Sachindra Salvi Sir exemplifies exceptional leadership with his approachable nature and insightful guidance, which continues to drive our company toward remarkable success. His ability to navigate challenges while creating opportunities for growth is truly inspiring to all of us.
Heartiest congratulations, Sir, for your continued success and outstanding leadership!”
Heartfelt congratulations to the MD and CEO of GIC Housing Finance Ltd. Mr. Sachindra Salvi Sir. on this prestigious nomination! Your positivity, energy, and enthusiasm are truly inspiring. Wishing you all the very best in this new journey!
Hearty congratulations Shir.Sachindra Salvi Sir. Our best wishes for securing the post of CMD in OIC.
Hearty congratulations Sachindra Salvi Sir, for being shortlisted for the honorable post of CMD, I would like to see you as CMD of OIC. Good luck sir.
sir
Congratulations ..
Asmita
Hearty Congratulations Shri. Sachindra Salvi Sir…..