Sanjeev Mantri has been appointed as the new MD and CEO of ICICI Lombard General Insurance Company, succeeding Bhargav Dasgupta, who has been recruited as Vice President of Asian Development Bank. The Board of Directors of ICICI Lombard has approved the appointment of Sanjeev Mantri, currently Executive Director of the Company, as Managing Director & CEO of the Company, effective December 1, 2023 or the date of approval from the Insurance Regulatory and Development Authority of India (IRDAI), whichever is later, for a period of five (5) consecutive years or his date of retirement, whichever is later.
Sanjeev Mantri, in a career spanning over 28 years, began his career with Bennett Coleman and Co., followed by key leadership positions at BNP Paribas. Sanjeev Mantri has been with the ICICI Group for over 20 years beginning his career with ICICI Bank in 2003, where he led many businesses including Bank’s Small & Medium Enterprises Group and the Rural and Inclusive Banking Group, as per livemint.
The board of directors authorized the nomination of Sanjeev Mantri, the company's current executive director, as Managing Director (MD) & CEO, effective December 1, 2023, or the date of approval from the Insurance Regulatory and Development Authority of India (IRDAI), it stated.
The appointment would be for five years or until his retirement date, whichever comes first, subject to IRDAI and company members' agreement, it said.