Sat Pal Bhanoo takes interim charge as LIC MD, CEO

NEW DELHI: Life Insurance Corporation of India (LIC) on Sunday said Sat Pal Bhanoo has been given additional charge of MD and CEO of the insurance company following approval of the department of financial services.

Bhanoo will be leading the company for a period of 3 months with effect from June 8 or till assumption of charge of the post by the regular incumbent.Bhanoo is the seniormost among the four LIC MDs. The vacancy was created after the completion of the term of Siddhartha Mohanty as CEO and MD of LIC on June 7. Mohanty had joined the insurance giant in 1985.