Spandana Sphoorty Financial Limited approved the appointment of Mr. Shalabh Saxena as CEO of the company for a period of five years with effect from March 19, 2022 to March 18, 2027, subject to the approval of the Members of the Company, at its Board Meeting held on March 18, 2022. Mr. Shalabh Saxena has over 26 years of strong retail finance experience and his expertise lies in consumer banking and life insurance industry. Throughout his career, he has run large profit centres and SBUs across various business lines in Life Insurance and Consumer Banking.

Core competence and exposure revolves around distribution and handling sales in large business environments, Marketing, Strategy, Information Technology, Planning, Alliances and Acquisitions. In his long tenure, Mr. Saxena was the Managing Director and Chief Executive Officer of Bharat Financial Inclusion Limited, Director - Marketing & Customer Retention, Canara HSBC Oriental Bank of Commerce Life Insurance and among others in his previous organizations viz., HSBC Life Insurance, ING Life Insurance and Standard Chartered Bank.