Executive Grapevine | Executive Grapevine International Ltd
Axis Bank – India’s third largest private bank – has appointed Egon Zehnder to lead its search for a new Chief Executive Officer.
Shikha Sharma, who was placed in the role eight years ago by the same search firm, is set to step down next year.
The bank is hoping to have its new leader by December, according to sources – Hunts Canlon reports.
The Mumbai-based Axis Bank has been battling a profit slump for five straight quarters, exchange filings show. Despite this, shares of the bank more than tripled in the eight years of Sharma’s rein.
About Egon Zehnder (International)
Founded in 1964, Egon Zehnder is a privately held executive search and talent management consultancy with more than 400 consultants in 69 offices across 41 countries. The firm provides senior-level executive search, board search and advisory, CEO succession, family business advisory, as well as leadership assessment and development. Egon Zehnder's clients range from large corporations to emerging growth companies, family and private-equity controlled entities, government and regulatory bodies, and educational and cultural organisations.
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