LIC Appoints Ratnakar Patnaik As MD For Three-Year Term

Life Insurance Corp. of India has appointed Ratnakar Patnaik as managing director for a period of three years, effective June 1, the company said in an exchange filing on Wednesday.

Patnaik is currently the executive director of investment – front office, chief investment officer, and a key managerial personnel of the company. LIC will have two vacant managing director posts from May 31, as M. Jagannath and Tablesh Pandey are set to retire. 

Current MD and CEO Siddhartha Mohanty is also scheduled to complete his term in the first week of June.