HDFC ERGO General Insurance has announced the appointment of Anuj Tyagi as the new Managing Director and CEO. As per the company, Tyagi will take charge from Ritesh Kumar on July 1, 2024.
Additionally, the appointment is in line with the intimation to the stock exchange made earlier this year on January 13, 2024, regarding leadership change as approved by the Board.
Present Managing Director and CEO, Ritesh Kumar, will now join the Board of Management of ERGO International, effective from October 4, 2024 and will also work as the new Deputy COO.
Talking about the appointment, Keki M Mistry, Chairman of the Board, said, “The Board wishes to thank Ritesh for his extraordinary leadership over the last 16 years that has left an indelible mark on the company, the brand and its market position. I am also delighted that we have an able leader in Anuj to take on the baton – Anuj has worked closely with Ritesh over these 16 years and has played an important role in reshaping HDFC ERGO into a large tech-first industry leader.”
Tyagi has been with the company since 2008 and has held various positions during his tenure and was elevated to Joint Managing Director in April 2023. “I am excited and grateful to take on this role at such a pivotal time for the industry and Company. I am confident that we will be at the forefront in seizing the evolving opportunity in this sector with the support of this fantastic team which I am now going to work with. We will build on our strong foundation in driving growth and setting standards for the insurance sector,” Tyagi added.
Kumar will focus on the Asian growth markets, such as China, Thailand and Singapore. Notedly, the appointment is subject to administrative approvals and consent of the Supervisory Board of ERGO International. “It has been a privilege to lead this exceptional team at HDFC ERGO – together we have grown to become one of the top general insurance companies. I am confident that Anuj will usher HDFC ERGO into a new era and my best wishes are with him,” Ritesh Kumar said.