LIC appoints CFO and CRO
Analysis based on 7 articles · First reported Jul 28, 2026 · Last updated Jul 28, 2026
The appointments are routine management changes and are unlikely to have a significant impact on LIC's stock or the broader market. They signal continuity in LIC's leadership and commitment to regulatory compliance.
Life Insurance Corporation (LIC) has appointed Shatmanyu Shrivastava as Chief Financial Officer (CFO) and Varadarajan Muthuvenkataraman as Chief Risk Officer (CRO), effective July 28, 2026. The appointments were approved by LIC's Board of Directors on the recommendation of the Nomination & Remuneration Committee. Both executives have been designated as Key Managerial Personnel. Shrivastava, a Fellow of the Institute of Chartered Accountants of India and the Insurance Institute of India, joined LIC in 1990 and previously served as Executive Director (Finance & Accounts) and CRO. Muthuvenkataraman, who joined LIC in 1992, has held various leadership roles including Branch Manager and Regional Manager, and previously served as Additional Executive Director (Enterprise Risk Management). These appointments strengthen LIC's financial and risk management leadership.
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