Axis Bank chief Shikha Sharma retires

NEW DELHI: Axis Bank on Monday said its MD and CEO Shikha Sharma has retired, effective December 31, 2018.
We wish to inform you that Shikha Sharma, MD and CEO of Axis Bank, has retired from the services of the bank and has accordingly ceased to be the MD and CEO of the bank, with effect from close of business hours on 31 December 2018,” it said.

Amitabh Chaudhry will be the new managing director and CEO of the bank with effect from January 1, 2019, it said. Chaudhry, the former MD and CEO of HDFC Standard Life Insurance Company, was in September named the MD and CEO of Axis Bank for a period of three years, with effect from January 1, 2019.Earlier on December 8, Axis Bank had inducted Chaudhry as additional director on its board, three weeks ahead of his taking over as the new managing director and CEO of the private sector lender.

Chaudhry, 54, started his career in corporate banking with the Bank of America in 1987, where he worked in diverse roles. He is a BTech (Electronic & Electricals) from the Birla Institute of Technology & Science, Pilani and an alumnus of the lndian Institute of Management, Ahmedabad. In July 2017, the board of Axis Bank had approved the reappointment of Sharma, who was to start her fourth term as MD and CEO from June 2018.

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