“The nomination and remuneration committee and the board will meet on Wednesday to appoint the next CEO.” Padalkar has been associated with HDFC Life since August 2008. She is responsible for the finance, legal, secretarial & compliance, internal audit, risk and investor relations functions. Text messages sent to Padalkar did not get any response.
“Padalkar has been with the insurer for a very long time and is associated with the success over the last decade,” the person said. The challenge for the next CEO will be to grow banc assurance – the second-largest life insurer is losing share to Birla Sun Life and Tata AIA Life Insurance.
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