V. Vaidyanathan is ICICI Prudential Life’s new Managing Director & CEO

Company Brief

Mumbai, May 11, 2009

ICICI Prudential Life has appointed Mr. V. Vaidyanathan as the Managing Director & Chief Executive Officer of the company with effect from May 01, 2009. He replaces Ms. Shikha Sharma in this position.

Mr. Vaidyanathan was earlier an Executive Director with ICICI Bank and brings with him nearly two decades of experience in the financial services domain. He was also the chairman of ICICI Home Finance Company, and has served on the boards of ICICI Lombard General Insurance, and CIBIL, India’s first credit bureau.

Since joining the ICICI Group in the year 2000, he has built a strong retail banking business which includes 1400 ICICI bank branches in 800 cities, 25 million customers, USD 30 bn in assets, a strong liability base, and a team of 26000 employees. His contribution has been well recognised in the ICICI Group and won him many awards in the banking industry. He was recently profiled among ‘India's Top 25 executives’ by a leading business magazine in India. Mr. Vaidyanathan is an alumnus of Birla Institute of Technology and Harvard Business School, AMP.

For further information, please contact:

ICICI Prudential Life Insurance Company

Anuja Sharma

Tel: (022) 66274616

Email: sharma.anuja@iciciprulife.com