The Life Insurance Corporation of India (LIC) has re-designated Chairman Siddhartha Mohanty as the Chief Executive Officer and Managing Director (CEO&MD) effective from June 30, 2024, the insurer informed the exchanges on Sunday. It is not yet known if the life insurance company will appoint a new chairperson.
Mohanty joined the insurance giant as an apprentice officer in 1985.
In his nearly four decades with LIC, Mohanty has held several key positions, including Chief Operating Officer and Chief Executive Officer of LIC Housing Finance. He has also served as the Senior Divisional Manager of Raipur and Cuttack, Chief (Legal), Chief (Investment – Monitoring and Accounting), and Executive Director (Legal).
He holds a Bachelor’s degree in Law and a Master’s degree in Arts (Political Science) from Utkal University, Bhubaneswar. Mohanty also has a post-graduate certification in Business Management from the Xavier Institute of Management, Bhubaneswar.
