Chaudhry, an engineering graduate from the Birla Institute of Technology & Science (BITS) Pilani and an alumnus of IIM Ahmedabad, has been associated with HDFC Life since January 2010. He had earlier held senior management positions in Bank of America, Calyon Bank and Infosys BPO.
In April, the bank had announced that Sharma requested the board to reconsider the period of her re-appointment to be revised from June 1 to December 31. Soon after, the bank had appointed Egon Zehnder, a global leadership advisory firm, to find Sharma’s successor.
Last December, the bank board had decided to reappoint Sharma as the MD & CEO, for a period of three years, till June 2021.
Sharma stepped down after the RBI raised questions over her re-appointment despite the rising non-performing assets (NPAs) and governance issues such as inquiries into earning leaks over social media chat service Whatsapp.