In the latest development, Vice Chairman and Managing Director of Max Life Insurance, Rajesh Sud has resigned from the company. The current Chief Financial Officer, Prashant Tripathy will replace him in January, next year. 

A founder member of Max Life Insurance since 2000, he took over as CEO & Managing Director of Max Life Insurance in 2008. Under his leadership, Max Life has undergone rapid transformation and grown to be the 4th largest private life insurer and the largest non-bank. 

Commenting on his exit, Chairman of Max Life Insurance, Rahil Khosla said, Rajesh Sud has built a strong and talented team and a high-quality institution.” He also mentioned that Prashant Tripathy’s elevation is in line with the preference for internal succession and recognition of the leadership team in the organization. 

Before Max Life Insurance, Rajesh Sud was Managing Director & CEO of Esanda Finance India, a subsidiary finance company of ANZ Grindlays Bank and was the Head of  Asset Finance business at ANZ Grindlays Bank.

Image Source- Mint