ICICI Bank has announced a change in its senior management, with Mr. Sriram H. opting for early retirement. Mr. Sriram has been the Executive Director and Chief General Manager of the bank since 2019. According to the bank, he has decided to retire prematurely, and his last date of service will be on June 30, 2023. The reason for his early retirement has not been disclosed.
In his current role, Mr. Sriram has been responsible for overseeing the bank’s operations, risk management, and regulatory compliance. He has also played a key role in the bank’s digital transformation and growth initiatives.
The bank will soon announce a new organizational structure and assign responsibilities to other senior executives. Mr. Sriram’s exit is likely to have some impact on the bank’s operations, but ICICI Bank has a strong track record of succession planning and is well-equipped to navigate this change.
The departure of Mr. Sriram may lead to some stock market volatility, but his decision to retire early does not seem to be related to any financial or regulatory issues.