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Spencer Stuart to help pick new IndusInd CEO
Mint Bangalore
|May 01, 2025
Lender may also look at other search firms for other senior positions
IndusInd Bank has shortlisted Spencer Stuart to search for a new chief executive after Sumant Kathpalia stepped down Tuesday as its managing director and CEO. The bank, which a committee of executives will run for now, is expected to finalize its new chief in a couple of months, said senior executives aware of the development.
IndusInd Bank's deputy CEO Arun Khurana also resigned this week after accounting discrepancies were recently discovered in the bank's derivatives portfolio.
"Spencer Stuart was selected in March and the search for the new CEO should get over in the next couple of months. For good corporate governance, the bank may look at other search firms for its other senior positions or even take someone internally. But Spencer Stuart will take care of the CEO mandate," said a senior executive aware of the development.
यह कहानी Mint Bangalore के May 01, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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