HDFC ERGO General Insurance has appointed Anuj Tyagi as the new Managing Director and CEO, effective July 1, 2024, succeeding Ritesh Kumar. This leadership change, approved by the Board, was previously communicated to the stock exchange on January 13, 2024. Tyagi, who joined the company in 2008, has held various roles and was promoted to Joint Managing Director in April 2023.
Ritesh Kumar will join the Board of Management of ERGO International as the new Deputy COO starting October 4, 2024. He will focus on growth markets in Asia, including China, Thailand, and Singapore, subject to administrative approvals and the Supervisory Board’s consent.
Keki M Mistry, Chairman of the Board, expressed gratitude for Kumar’s 16 years of leadership, highlighting his significant impact on the company. He also expressed confidence in Tyagi’s ability to lead, noting his contributions to transforming HDFC ERGO into a tech-first industry leader. Oliver Willmes, COO and Chairman of the Board of Management of ERGO International, also praised Kumar and expressed confidence in Tyagi’s potential to drive further success through customer-centricity and digital innovation.
Reflecting on his tenure, Kumar thanked shareholders and the Board for their trust and expressed confidence in Tyagi’s leadership. Tyagi, acknowledging Kumar’s guidance, expressed his excitement for the new role and his commitment to leveraging innovation to provide exceptional value to customers and partners. He looks forward to building on the company’s strong foundation and driving growth in the insurance industry.
With over 25 years of experience in banking and insurance, Tyagi has been with HDFC ERGO since 2008, overseeing various functions including sales channels, reinsurance, underwriting, claims, technology, and human resources.