Comments
Reliance Life Insurance has announced the induction of Mr Takeshi Furuichi as non-Executive Director and Nippon Life nominee on the board of the company.
Nippon Life had recently picked up 26 per cent stake in Reliance Life Insurance from Reliance Capital for a consideration of about $680 million.
Mr Takeshi Furuichi, 57 years, is the Representative Director, Senior Managing Executive Officer and Chief Investment Officer of Nippon Life Insurance. He joined Nippon Life Insurance in 1977 and has held various senior positions during his 34 year tenure within the company, apart from being a director in many Japanese firms.
"We are delighted to welcome Mr Furuichi on the board of Reliance Life Insurance. His vast experience and contribution as Board member will certainly help Reliance Life Insurance accelerate its growth and strengthen its position as a leading insurance company in India," Mr Sam Ghosh, CEO of Reliance Capital, said in a statement.
Mr Furuichi's induction into Reliance Life board is part of the stake sale agreement between the two companies.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.