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Private sector ICICI Bank on Friday announced the appointment of former IAS officer GC Chaturvedi as an independent director and said his name has been proposed for the post of non-executive part-time Chairman.
“The board of directors of ICICI Bank at its meeting held on Friday appointed Girish Chandra Chaturvedi as an Additional (Independent) Director effective July 1 for three years subject to the approval of shareholders,” the bank said in a regulatory filing. The term of office of incumbent MK Sharma expires on June 30, 2018.
“The board also approved the appointment of GC Chaturvedi as non-executive part-time Chairman effective from July 1, 2018 or the date of receipt of Reserve Bank of India approval for such appointment whichever is later in the vacancy caused by cessation of term of MK Sharma {Independent Director and Chairman),” it further said.
An IAS officer of the Uttar Pradesh cadre from the 1977 batch, Chaturvedi, 65, was Secretary, Ministry of Petroleum and Natural Gas from 2011 to 2013.
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