1 min readMumbaiApr 19, 2024 05:47 AM IST
Deepak Parekh has decided to step down as the Chairman and Non-Executive Director of the HDFC Life Insurance Company with effect from April 18.
The board on Thursday unanimously approved the appointment of Keki M Mistry as the Chairman of the board. Mistry has been associated with the company since December 2000 and is currently a Non-Executive Director on the board.
“Being the founder Chairman of our company, Parekh has been instrumental in guiding and nurturing the company over the past 24 years. We thank Parekh for the immense contributions made by him,” the company said in a statement. Parekh was the Chairman of HDFC Ltd which merged with HDFC Bank a year ago.
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