Meet the New Chairman of LIC - S K Roy

The government has announced S K Roy as the new chairman of state-run largest insurance company LIC (Life Insurance Corporation of India). Roy, who is presently a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31. The government had interviewed five candidates for the post of the chairman, including managing director Sushobhan Sarkar, LIC Housing Finance MD & CEO V K Sharma, and three executive directors, S B Mainak, Roy and Usha Sangwan.  Roy was shortlisted from among those five candidates. Roy, who was elevated as LIC’s managing director last month, will get a five-year term as chairman.

kirti shirwayya