In a momentous Sunday announcement, ICICI Lombard General Insurance Company has officially named Sanjeev Mantri as their new Managing Director and CEO. Sanjeev Mantri, the current Executive Director of ICICI Lombard, is set to assume the role of Managing Director & CEO, succeeding Bhargav Dasgupta, who will transition to the position of Vice President at the Asian Development Bank.
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The Board of Directors at ICICI Lombard has wholeheartedly endorsed this appointment, with Mantri’s tenure scheduled to begin on December 1, 2023, or upon the requisite approval from the Insurance Regulatory and Development Authority of India (IRDAI), whichever is later. This appointment is slated for a duration of five (5) consecutive years or until Mantri’s official retirement date, whichever arrives first.
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Over the course of an illustrious career spanning more than 28 years, Sanjeev Mantri embarked on his professional journey at Bennett Coleman and Co., subsequently assuming pivotal leadership roles at BNP Paribas.
Sanjeev Mantri has dedicated over two decades to the ICICI Group, commencing his journey in 2003 with ICICI Bank. During his tenure, he spearheaded numerous business segments, notably leading the Bank’s Small & Medium Enterprises Group and the Rural and Inclusive Banking Group.
Sanjeev Mantri’s impending elevation to the esteemed positions of Managing Director and CEO signifies a strategic move by the organization, reflecting a vote of confidence in his leadership acumen and unwavering commitment. It highlights the culmination of his distinguished career within the company, where he has consistently demonstrated exceptional dedication, foresight, and the ability to drive transformative change.
As the transition date of December 1, 2023, approaches, all eyes within the organization are keenly focused on the future, with anticipation and optimism regarding the direction that Sanjeev Mantri’s leadership will steer. The board’s decision underscores the faith placed in his ability to navigate the company through evolving landscapes and challenges while fostering growth and innovation.
Sanjeev Mantri’s journey from executive director to Managing Director and CEO serves as an inspiring testament to the company’s culture of nurturing talent from within and recognizing individuals who have consistently contributed to its success. It is a reflection of the organization’s forward-looking approach, aiming to continue its legacy of excellence and innovation under his leadership.