State-run life insurance behemoth lIC on Friday said its managing director VK Sharma has taken additional charge as chairman, replacing SK Roy who was relieved of his duties. Roy resigned in June, nearly two years ahead of his retirement.
“VK Sharma, MD, lIC of India has taken additional charge as chairman, lIC of India in place of SK Roy, who has been relieved of his duties on Friday,” the company said in a late evening statement.