lic chairman SK ROY

The government has appointed S K Roy as the Chairman of Life Insurance Corporation of Ind

S k Roy, who at present a Managing Director in the organization would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31, 2013.

Roy would be at the helm of the insurance behemoth for a period of five years. He will assume charge on first July 2013.

The other candidates who were in fray for this top job were Managing Director, Sushobhan Sarkar and Executive Director S B Mainak.

Roy joined LIC in 1981. On May 31, 2013, he assumed charge as Managing Director of LIC along with Thomas Mathew and Sushobhan Sarkar.

Prior to his elevation, he was head of the International Operations Division. He was also zonal manager of North Central zone and Eastern zone of the LIC.

Appointments Committee of the Cabinet (ACC) has already cleared his name.