Sat Pal Bhanoo, acting MD& CEO, LIC
LIC MDs, who will be appearing for the FSIB interview for selecting a MD &CEO, are-Sat Pal Bhanoo, Ramachandran Doraiswamy, Dinesh Pant and Ratnakar Patnaik
New Delhi & Mumbai: Even as the government has appointed Sat Pal Bhanoo, managing director, Life Insurance Corporation(LIC) as the acting MD & CEO of the corporation for the next three months, the FSIB will be interviewing four managing directors of life insurance behemoth, on June 11, to select a new MD & CEO, of the corporation.
The FSIB is the head hunting agency for selecting officials above executive directors of state owned financial institutions,
The MDs, who will be appearing for the FSIB interview, are-Sat Pal Bhanoo, Ramachandran Doraiswamy, Dinesh Pant and Ratnakar Patnaik.
The post of MD & CEO at LIC has fallen vacant after Siddartha Mohanty retired on last Friday after turning 62.
Bhanoo, who will be retiring in Dec,2025 after reaching 60, is the senior most MD and has a good chance to become the regular MD and CEO of the corporation till he reaches 62.
Barring a few rare cases, the government has always stuck to principle of seniority while selecting LIC’s top functionaries in the last 25 years.
Both Pant and Patnaik, who were earlier executive directors of the corporation, had taken charge as new MDs on June 1.
Yesterday, the corporation had informed stock exchanges that the competent authority has entrusted the financial and administrative powers and functions of the
MD&CEO the corporation to Bhanoo for a period of three months, with effect from June 08 upto September 07 or till assumption of charge of the post by the regular incumbent, or until further orders, whichever is the earliest.