Highlights

Internal contenders for the bank's top post include group Presidents and whole-time directors Shanti Ekambaram and KVS Manian
Uday Kotak will transition from his CEO position by the end of next year

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Kotak Bank board launches global search for a new CEO to replace Uday Kotak

Name: Kotak Bank board launches global search for a new CEO to replace Uday Kotak
Uploaded: 2023-02-21T13:31:00.000+05:30
Duration: T00M33S
Channel: Editorji News Desk
Description: Kotak Mahindra Bank's board hires consulting firm Egon Zhender to conduct a global search for a new CEO for the bank to replace founder & CEO Uday Kotak.

Kotak Mahindra Bank's board hires consulting firm Egon Zhender to conduct a global search for a new CEO for the bank to replace founder & CEO Uday Kotak, as per a bloomberg report.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Kotak Bank board launches global search for a new CEO to replace Uday Kotak

Kotak Mahindra Bank's board has engaged consulting firm Egon Zhender to lead a global search to replace Founder CEO, Uday Kotak, according to a Bloomberg report. This has been done to expand the search to ensure it finds suitable candidates.

Internal contenders for the job include group Presidents and whole-time directors Shanti Ekambaram and KVS Manian. Kotak's son Jay Kotak is not a contendor for the job.

Uday Kotak has been leading the bank since inception and will transition from his CEO position by the end of next year after RBI's guidelines capped tenures for Indian business heads.

A representative for Kotak Mahindra Bank declined to comment, while a representative for Egon Zehnder didn’t immediately respond to requests for comment.