New Delhi: HDFC Life, largest private life insurers, has announced the appointment of Vibha Padalkar as its new Managing Director and CEO for a period of three years effective from today.
After a successful listing on the bourses in November 2017, HDFC Life is one of the most valuable private life insurers with industry-leading profitability, delivering superior returns to investors.
"I am delighted with the opportunity given to me to lead the HDFC Life team. I thank the Board of Directors for having placed their trust in me. It will be my constant endeavor to continue expanding the reach of life insurance and deepen the trust bestowed upon us by customers, partners, shareholders and other stakeholders," said Vibha Padalkar on her appointment.
"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," she added.
Vibha Padalkar joined HDFC Life in August 2008. She is qualified as a member of the Institute of Chartered Accountants of England and Wales in 1992. She is also a member of the Institute of Chartered Accountants of India. Previously, she has worked in varied sectors such as global Business Process Outsourcing, global FMCG and in an international audit firm.
Earlier, Vibha was conferred the 'CFO-Woman of the year' award by the Institute of Chartered Accountants of India in 2011 and for "Excellence in Financial Control, Compliance and Corporate Governance" by IMA, India in 2013.
The Board of Directors in a meeting held today also appointed Suresh Badami as a Whole-time Director of the Company for a period of 3 years, commencing from September 17, 2018.
"I am happy to welcome Vibha Padalkar in her new role as the MD & CEO of HDFC Life. We have witnessed HDFC Life grow from strength to strength, since its inception in 2000," said chairman HDFC Life, Deepak Parekh.