LIC appoints new CFO and Chief Risk Officer from internal ranks
LICI · price
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LIC board on July 28, 2026 approved two key managerial appointments. Shri Shatmanyu Shrivastava, Executive Director (Finance and Accounts), is appointed as Chief Financial Officer. Shri Varadarajan Muthuvenkataraman, Executive Director (Enterprise Risk Management), is appointed as Chief Risk Officer. Both are internal promotions of long-serving LIC executives with over three decades of experience. Appointments are effective July 28, 2026 until superannuation or further orders.
Internal promotions for CFO and CRO roles ensure leadership continuity. Both appointees are experienced LIC insiders with deep knowledge of operations.