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regular-article-logo Thursday, 30 May 2024

Quest for Bandhan CEO begins

The bank’s current MD and CEO, Chandra Shekhar Ghosh, is voluntarily retiring from his post on completion of his term on July 9

A Staff Reporter Calcutta Published 21.04.24, 10:28 AM
Representational image

Representational image File picture

Leadership advisory firm Egon Zehnder will advise Bandhan Bank on its quest to find its next CEO.

The bank’s current MD and CEO, Chandra Shekhar Ghosh, is voluntarily retiring from his post on completion of his term on July 9.

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Ghosh, who founded Bandhan, will move to a strategic role at the holding company level.

Sources said the bank is taking steps to complete the process in time before the end of the tenure of the current CEO.

When asked by analysts earlier this month about whether the bank will select an internal or external candidate for the post of MD and CEO, Ghosh said it would be a decision taken by the board.

“They will independently assess requirements and the best way they would like to select the successor, who is fit for this type of bank’s future growth and achieve strategic objectives,” Ghosh had said.

The bank has two executive directors — Rajinder Kumar Babbar and Ratan Kumar Kesh — and one among them could be appointed as interim CEO in case a permanent CEO is not appointed by July 9.

“We also have a business continuity plan. We are planning that if within three months we do not identify a successor, in the interim period, someone internally will take the role of interim CEO,” Ghosh had said.

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