Bharti AXA General Insurance (GI) Appoints Deepak Iyer as Chief Executive Officer and Managing Director

BANGALORE, May 12, 2015 /PRNewswire/ --

Bharti AXA General Insurance (GI) Company Ltd. announced the appointment of Deepak Iyer (currently the Managing Director - Indian subcontinent at Wrigley India Pvt. Ltd, subsidiary of Mars Inc.) as its new Chief Executive Officer and Managing Director. Deepak is expected to come on board by the end of June 2015 and will take charge from Milind Chalisgaonkar, Interim CEO and MD after receipt of regulatory approvals by the company.

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Deepak brings with him 22 years of diverse experience across various aspects of management, sales, marketing, P & L management, operational turnaround, research & development and franchise management across different countries. Prior to his association with Wrigley, he has worked with PepsiCo Inc. for 16 years handling multiple international assignments including holding the posts of Senior Franchise Director - Africa, General Manager - North & East India (including Bangladesh, Nepal & Sri Lanka) and Director - Sales for Modern Trade/ Foodservice/ Leisure/ Travel & Transport channels of the Company.

Commenting on the appointment, Gaelle Olivier, CEO, General Insurance, AXA Asia, said, "I am very pleased to welcome on board, Deepak as the Chief Executive Officer and Managing Director of Bharti AXA General Insurance. I am confident that Deepak will successfully leverage his Fast Moving Consumer Goods experience to drive the transformation of our business towards superior customer experience, to develop a solid team and to build innovative solutions to better protect our customers. This appointment comes at a great time for the company, with AXA reaffirming its commitment to the Indian market, following the changes in the foreign direct investment ordinance.

After only seven years since it was established, Bharti AXA General Insurance has already built a strong positioning in the Indian market and I am confident that Deepak's leadership capabilities, customer focused mindset and well-rounded experience will successfully drive the company towards its next stage of development, and notably establish Bharti AXA as one of the leading insurance companies in India."

She further added, "I would like to extend my gratitude to Milind for taking on the role of interim CEO & MD since September 2014 and steering Bharti AXA GI towards its successful development in the industry. He has been a strong asset to Bharti AXA GI and to AXA Asia during his tenure."

Manoj Kohli, Managing Director, Bharti Enterprises said, "As Bharti AXA General Insurance enters the next phase of its growth journey; we are delighted to have Deepak on board. I am confident that with his rich and diverse experience across industries, Deepak will add immense value and help the Company achieve its vision. We wish him the very best for his new role."

About Bharti AXA General Insurance: 

Bharti AXA General Insurance Company Ltd is a joint venture between Bharti Enterprises, a leading Indian business group and AXA, a world leader in financial protection. Presently, the organization has cashless facilities in over 4500 network hospitals and over 2300 garages, as well as 24/7 claims registration through multi-modal channels like e-mail and SMS. The organization commenced national operations in August 2008 and currently has 69 branch offices across the country.

It is the first organization in the GI Industry to receive dual certifications of ISO 9001:2008 and ISO 27001:2005. In October 2014, it successfully upgraded to ISO 27001: 2013 standard being ISO 27001: 2013. For more information please visit www.bharti-axagi.co.in.

About AXA Asia 

AXA Asia is a market leading insurance player, offering a differentiated composite proposition in Life and General Insurance with operational presence in Hong Kong, Singapore, Indonesia, China, India, Malaysia, the Philippines, and Thailand. AXA Asia is part of the AXA Group, headquartered in Paris and a worldwide leader in insurance and asset management with a presence in 59 countries. AXA Asia is committed to creating a sustainable, long-term business for our employees, customers and shareholders.

About The AXA Group 

The AXA Group is a worldwide leader in insurance and asset management, with 161,000 employees serving 103 million clients in 59 countries. In 2014, IFRS revenues amounted to Euro 92.0 billion and IFRS underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of December 31, 2014. The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY. The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD. It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.

About Bharti Enterprises 

Bharti Enterprises is one of India's leading business groups with interests in telecom, agri business, financial services, retail and manufacturing. Bharti has been a pioneering force in the Indian telecom sector with many firsts and innovations to its credit. Bharti Airtel Limited, the group's flagship company, is a leading global telecommunications company with operations in 20 countries across Asia and Africa. The Company ranks amongst the top four mobile service providers globally in terms of subscribers.

Other business ventures of the group include Bharti SoftBank - a JV between Bharti Enterprises and SoftBank Corp - for mobile internet. Beetel Teletech - a JV between Bharti Enterprises and US based Brightstar, is India's leading manufacturer and distributor of telecom and allied products. The group has a JV - FieldFresh Foods - with Del Monte Pacific Ltd, to offer fresh and processed fruits and vegetables in the domestic as well as international markets. Bharti has JVs with AXA, world leader in financial protection and wealth management, for Life Insurance and General Insurance. The group has presence in the retail sector through Bharti Retail which operates multi-brand retail stores in various formats under the 'easyday' brand.

Note: Insurance is a subject matter of solicitation 

Media Contact Smita Banerjee [email protected]
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