HDFC Life Insurance witnessed a notable change in its leadership as Deepak Parekh, the longstanding chairman of the board, tendered his resignation. This announcement was made through an official exchange filing on Thursday, marking the end of Parekh’s tenure.
Taking the helm in Parekh’s stead is Keki M Mistry, who has been appointed as the new Chairman of the Board with immediate effect, subject to approval by the Insurance Regulatory and Development Authority (IRDA). He has been associated with HDFC Life Insurance since December 2000, serving as a Non-Executive Director. Prior to this, Mistry held the position of Vice Chairman & CEO at Housing Development Finance Corporation (HDFC) Limited. Following the merger of HDFC Limited with HDFC Bank, Mistry transitioned to the role of Non-Executive Director at HDFC Bank.
The company also marked the completion of the tenures of Independent Directors VK Viswanathan and Prasad Chandran, who served diligently for two consecutive terms of five years each. As part of the board’s restructuring, Venkatraman Srinivasan has been appointed as an Independent Director for a five-year term, based on the recommendation of the nomination & remuneration committee.
