ICICI Lombard General Insurance Company Limited — Others, 10-12-2024: Change in Management

The Board of Directors has approved the re-appointment of Mr. Murali Sivaraman as a Non-executive, Independent Director for a five-year term from January 17, 2025, subject to shareholder approval via Postal Ballot. Concurrently, the resignation of Ms. Vasundhara Bhonsle, Chief-Customer Support and Operations, was noted, with her last day being January 20, 2025. This leadership transition may enhance governance and operational effectiveness, potentially fostering a positive outlook for investors as the Board seeks to strengthen its expertise. The changes signal strategic intent to align executive leadership with the company’s growth aspirations.