IndiaFirst Life Insurance in a stock exchange filing said R.M. Vishakha, managing director and chief executive officer (MD & CEO) will superannuate from the services of the company on June 30, 2024.
IndiaFirst Life Insurance’s board has approved the appointment of Rushabh Gandhi, presently deputy CEO of the company, as the managing director (MD) and chief executive officer (CEO) for a period of five years effective July 1, 2024, or the date of regulatory approvals, whichever is earlier.
The release said, "The matter is subject to approval of Insurance Regulatory and Development Authority of India (IRDAI), shareholders, and such other statutory approvals, as may be applicable. The necessary intimation about the exact date of appointment of Rushabh Gandhi will be filed with exchange on receipt of requisite approvals."
"The Board welcomes Rushabh Gandhi as the new MD and CEO, which marks a new chapter for the company and aligns perfectly with the company's succession planning. Having worked alongside Ms R M Vishakha since 2015, Mr Rushabh Gandhi brings a wealth of experience at IndiaFirst Life in driving growth and profitability. This experience is complemented by his strategic vision that resonates with the core values of IndiaFirst Life," said the insurer in a statement.
Rushabh Gandhi has over 29 years of experience in the financial services industry and across national and international markets. He is an alumnus of Narsee Monjee Institute of Management Studies (NMIMS) and INSEAD, Fontainebleau. Gandhi has worked at Canara HSBC OBC Life Insurance, Aviva Life Insurance and Birla Sun Life Insurance.
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