Bhargav Dasgupta, MD & CEO of ICICI Lombard resigned
Bhargav Dasgupta resigned from the post of Managing Director and CEO of ICICI Lombard General Insurance on September 21, 2023, after serving for 14 years. Dasgupta has decided to resign in order to pursue a career opportunity abroad. The company’s board has accepted his resignation.
In his resignation letter, Dasgupta said, “I would have had to step down from my position in April 2024 after completion of 15 years as the CEO. As such, the succession planning process has been initiated and I am certain that a suitable successor will be found soon.”
“Dasgupta shall be officiating his responsibilities till his last working date, which shall be intimated in due course of time. The company is in the process of filling up the resultant vacancy,” ICICI Lombard said in a statement.
During his tenure of 14 years, the company’s revenues expanded by a factor of six, while the net profit has surged by 78 times.