ICICI Bank 2009 Annual Report Download - page 12
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10
Rural
Banking
Approval of the Members to the above appointments was sought and obtained by way of postal ballot, the result
of which was declared on February 13, 2009.
Madhabi Puri Buch, Executive Director resigned from the Board on her appointment as Managing Director &
CEO of ICICI Securities Limited effective February 1, 2009. The Board placed on record its appreciation of her
contribution to the Bank.
The Board at its Meeting held on January 24, 2009 appointed N. S. Kannan as additional Director of the
Bank effective May 1, 2009 and K. Ramkumar as additional Director of the Bank effective February 1, 2009.
N. S. Kannan was Executive Director of ICICI Prudential Life Insurance Company Limited and K. Ramkumar
was the Group Chief Human Resources Officer of ICICI Bank. N. S. Kannan and K. Ramkumar have been
appointed as wholetime Directors designated as Executive Director & Chief Financial Officer and Executive
Director respectively, for a period of five years. Their appointments are subject to the approval of RBI and
the Members.
V. Vaidyanathan, Executive Director resigned from the Board on his appointment as Managing Director & CEO
of ICICI Prudential Life Insurance Company Limited effective May 1, 2009. The Board placed on record its
appreciation of his contribution to the Bank and his leadership role in building the Bank’s retail business.
The Board at its Meeting held on April 25, 2009 appointed Sandeep Bakhshi as additional Director of the Bank
designated as Executive Director effective May 1, 2009 for a period of five years. Sandeep Bakhshi was earlier
Managing Director & CEO of ICICI Lombard General Insurance Company Limited. The Board has vide circular
resolution passed on May 8, 2009 designated Sandeep Bakhshi as Deputy Managing Director effective from the
date of his appointment to the Board. His appointment is subject to the approval of RBI and the Members.
Government of India has nominated Anup K. Pujari, Joint Secretary, Department of Economic Affairs, Ministry
of Finance, Government of India, as a Director on the Board of ICICI Bank effective January 27, 2009, in place
of Arun Ramanathan. The Board placed on record its appreciation of the invaluable guidance provided by Arun
Ramanathan to the Bank. In terms of Article 128A of the Articles of Association, Anup K. Pujari is not liable to
retire by rotation.
The Board at its Meeting held on April 25, 2009 appointed M. S. Ramachandran, former Chairman, Indian Oil
Corporation, as an additional Director effective April 25, 2009. M. S. Ramachandran holds office upto the date of
the forthcoming Annual General Meeting (AGM) but is eligible for appointment.