HDFC Standard Life Insurance has elevated Vibha Padalkar as Managing Director and CEO for a period of three years with effect from 12th September 2018. Prior to elevation, Vibha was Executive Director and Chief Financial Officer.
She replaces Amitabh Chaudhary who resigned as the chief of HDFC Standard Life Insurance to join Axis Bank as Managing Director and CEO.
“The terms of appointment are subject to approval by the shareholders and the Insurance Regulatory and Development Authority of India,” the company said in a regulatory filing.
“We have a strong team in place that has delivered over the years to make HDFC Life an industry leader, and we hope to continue with this track record, delivering more value as we go along,” Vibha Padalkar said on her appointment.
Previously she also worked with WNS Global Services, Colgate-Palmolive (India ) and PwC India. Padalkar is a member of the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of India.