Bhargav Dasgupta, the CEO and MD of ICICI Lombard, resigns

22 Sep 2023 , 12:05 PM

Bhargav Dasgupta has resigned from his roles as the company’s MD and CEO, according to ICICI Lombard. ICICI Lombard also stated that Dasgupta will continue to do his duties up until his last day of employment.

Bhargav Dasgupta’s resignation from the company’s board of directors was accepted, and he stated his decision to leave to pursue opportunities abroad. In April 2024, Bhargav Dasgupta’s nearly 14-year tenure as the insurance company’s MD and CEO would have come to an end.

After the longtime MD and CEO resigned, ICICI Lombard is in the process of filling the vacancy.

‘I am writing to tender my resignation as Managing Director & CEO of ICICI Lombard General Insurance Company Limited, to pursue a career opportunity outside of the country,’ Dasgupta wrote in the letter. Serving the 32 million policyholders who rely on ICICI Lombard for their insurance needs has been an honour throughout my more than 14 years as CEO.

ICICI Lombard’s stock price on Thursday fell 1.5% to Rs 1,355.

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