Vishakha Mulye will be Aditya Birla Capital Ltd‘s new chief executive officer (CEO) (ABCL). Mulye, an executive director at ICICI Bank, will take over for Ajay Srivinasan, the current MD and CEO of ABCL. She will begin working for ABCL on June 1, 2022.
Mulye will serve as chief executive officer (designate) for one month, with a one-month overlap with Ajay Srinivasan to ensure a smooth transition of leadership. After this period of overlap, she will resume her role as CEO of Aditya Birla Capital Limited, ABCL informed the BSE.
Srivinasan intends to leave his current position and take on a new one within the Aditya Birla Group.
Mulye’s appointment was approved by the board of directors at a meeting on Saturday.
Vishakha Mulye, a chartered accountant, is a banker by profession. She is currently in charge of multiple banking operations at ICICI Bank. She has signed papers and will be at the bank until the end of May 2022.
Mulye has held numerous significant roles, led several strategic initiatives, and worked with the ICICI group’s insurance and private capital arms over the course of his 30-year career. She led the team that planned and executed the 2002 merger of ICICI Limited and ICICI Bank, transforming ICICI from a Public Financial Institution to the largest private sector bank.
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She also led the team that negotiated and completed the merger of the former Sangli Bank with ICICI Bank, as well as other acquisitions such as ITC Classic and Anagram Finance, according to the statement.