Prashant Tripathy to step down as Axis Max Life MD & CEO in September

Axis Max Life Insurance on Wednesday said that its current managing director and chief executive officer (MD & CEO), Prashant Tripathy, has decided to take early retirement and will step down from his position at the end of the September quarter. Accordingly, the company’s board will initiate the process to identify his successor, subject to the necessary regulatory approvals.

In September 2023, Tripathy was reappointed as the MD & CEO of Axis Max Life for a period of five years, until December 2028.

“…I hereby express my desire to retire early from my position as the MD & CEO of Axis Max Life to devote time to my personal pursuits and priorities,” Tripathy said in his letter to the board of directors seeking early retirement. The board has approved his request, Max Financial Services—the holding company of Axis Max Life Insurance—said in an exchange notification.