Axis Bank, which recently said that the tenure of MD and CEO Shikha Sharma would end on December 31, has appointed global recruitment firm Egon Zehnder to find a successor for the top post.
“The bank has commenced the succession process to appoint a new Managing Director & CEO of the Bank. The Board has appointed Egon Zehnder, a global leadership advisory firm, to conduct the succession process and evaluate candidates for the said post,” the bank said in a statement issued to the stock exchanges.
“The Board will ensure that the said process will be completed before the end of Smt. Sharma’s tenure and thus facilitate smooth transition of leadership responsibilities at the Bank,” it added.
In December 2017, the bank’s board had approved the reappointment of Ms. Sharma for three years, but early this month she said that she would step down in December 2018.
