Chanda Kochhar set to be new ICICI CEO

Chanda Kochhar will be the new CEO of ICICI Bank effective March 2009. Chanda Kochhar is the current CFO and Joint MD of the ICICI Bank. Meanwhile, KV Kamath the current CEO of the ICICI Bank is likely to take over as Non-Executive Chairman effective May 1 2009, according to media reports.

K V Kamath took over as the CEO of ICICI Bank in 1996. KV Kamath whose 13-year term comes to an end in April 2009, will take over as non-executive chairman from the current chairman N Vaghul who also retires next year, media a reports quote.