ICICI Bank appoints former IAS officer G.C. Chaturvedi as non-executive chairman

ICICI Bank, the largest private sector lender of the country, has appointed G.C. Chaturvedi as non-executive part time chairman and an independent director of the board for three years with effect from July 1.

The appointment is subject to Reserve Bank of India’s approval.

The present chairman M.K. Sharma’s term expires on June 30.

“The Board is extremely pleased with this development and believes that Mr. Chaturvedi will provide maturity and sagacity to the deliberations of the Board. This would also ensure a seamless and smooth transition of leadership at the Board and would address stakeholder concerns in this behalf,” the bank said in a filing to the exchanges.