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Global talent hunting firm to look for new Axis Bank CEO

GlobalAxis Bank has engaged global recruitment firm Egon Zehnder to identify a successor for Shikha Sharma, MD and CEO of the bank, who would end her career with the bank on 31 December. The bank said in a statement it has commenced the succession process to appoint a new MD & CEO and its board has appointed Egon Zehnder to conduct the succession process and evaluate candidates for the said post. The firm will also be required to look for a candidate overseas. A bank spokesperson said the succession process will be completed before the end of Sharma’s tenure to ensure a smooth transition for the new incumbent. Sharma had a 3-year term as MD and CEO in the bank, which was to end on 30 June 2018, but the bank’s board had approved another 3-year term for her. However, the Reserve Bank of India declined to approve the proposal.

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