Pradeep Kumar Sinha Appointed as Non-Executive Part-time Chairman of ICICI Bank

"ICICI Bank authorized Mr. Pradeep Kumar Sinha's appointment as an Additional (Independent) Director for a term of five years at a recent board meeting. At a recent board meeting, ICICI Bank announced the appointment of Mr. Pradeep Kumar Sinha as Non-Executive Part-Time Chairman. With effect from June 30, 2024, this decision comes after the present Chairman, Mr. G. C. Chaturvedi, announced his retirement. Appointment at ICICI Bank authorized for a five-year term, subject to shareholder approval, as an Additional (Independent) Director, effective immediately. Designated as the Non-Executive Part-time Chairman, succeeding Mr. G. C. Chaturvedi, effective July 1, 2024, or upon RBI approval will take over in this role until February 16, 2029, covering Mr. Chaturvedi's retirement. Context Throughout his remarkable forty-year career, Mr. Pradeep Kumar Sinha has served in the Indian Administrative Service (IAS). He obtained his M. Phil in Social Sciences and has a Masters of Economics from the Delhi School of Economics. He has held a number of important roles during his career, including the position of Cabinet Secretary, which is the highest senior civil servant in India, for more than four years. He has worked in government ministries for a long time, mostly in the Power and Oil & Gas industries. Career Path Upon graduating from Delhi School of Economics with a master's degree in economics, he joined the Indian Administrative Service in 1977.

Earned a diploma in economics with honors from Delhi's St. Stephens Collegeheld a visiting position after earning an M. Phil in the social sciences in 1991. a fellow at Oxford University in 1999. attended esteemed courses on ""Leaders in Development"" at Harvard University and ""Mergers and Acquisitions"" at Stanford University. Public Sector Employment Before joining the Government of India, they worked in the State of Uttar Pradesh in a variety of positions. held important positions for about 15 years in the Ministries of Power and Oil & Gas. held the post of Cabinet Secretary for almost four years, supervising the operation of the civil services. retired in March 2021 from the Prime Minister's Office following 44 years of devoted national service."