HDFC Bank CEO Aditya Puri sells stake in lender for Rs 156 cr; receives stock options worth Rs 42.20 cr in FY19
In January this year, HDFC Bank had decided to retain global executive search firm Egon Zehnder to find a successor to managing director Puri as its board sought to end an impasse and zero in on a candidate.
HDFC Bank to tap Egon Zehnder to identify Aditya Puri's successor; search extended to overseas to find suitable candidate
HDFC Bank is one of three domestic lenders that the central bank has designated as “too big to fail”.
Amitabh Chaudhry's tenure is for three years from 1 January 2019 till 31 December 2021.
Pravin Rao will continue to hold the position of interim-CEO and MD for a maximum of five years, or until a new CEO and MD is appointed, Infosys said.