Vishakha Mulye, a former ICICI Bank executive, will take over as CEO of Aditya Birla Capital, the non-bank lender announced on Saturday.
Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take over her role on June 1, according to an announcement made to the exchange by Aditya Birla Capital.
She will be the first woman to be appointed to Aditya Birla Management Corporation, the conglomerate’s highest decision-making body. According to the exchange filing, Mulye replaces Ajay Srinivasan, who is taking on other responsibilities within the group.
According to the company, the appointment was made based on the nomination, remuneration, and compensation committee’s recommendations.
Mulye, a chartered accountant, has held a variety of positions over the course of her three-decade career, including leading a team that handled the merger of ICICI Bank and ICICI in 2002, according to the company.
She had also worked for ICICI Lombard and was the CEO of ICICI Venture, according to the report.