Odisha’s Siddhartha Mohanty has been appointed as the managing director of LIC
Siddhartha Mohanty Appointed As New LIC MD-
Bhubaneswar : An Oriya man has been appointed as a major role again. Siddhartha Mohanty has been appointed as managing director of Life Insurance Corporation (LIC). Siddharth Mohanty will take an official charge on February 1.he is going to replace TC Suseel Kumar, who is set to retire on January 31, 2021.
Siddhartha Mohanty presently chief executive officer (CEO) of LIC Housing Finance, is now the Managing Director (MD) of LIC, India’s largest insurance company. He will remain in office until June 30, 2023. Siddhartha Mohanty, TC Sushil’s replacement, will retire on January 31, 2021. The Cabinet Appointments Committee has given the responsibility to Siddhartha Mohanty on the recommendation of the Department of Finance.
LIC has one chairman and four managing directors. MR Kumar is the LIC chairman while TC Sushil Kumar, Bipin Anand, Mukesh Kumar Gupta, and Raj Kumar are the MDs. However, Siddhartha Kumar before becoming CEO he was the Chief Operating Officer of LIC Housing Finance ।