Vishakha Mulye, executive director at ICICI Bank in charge of wholesale loans, is taking over as the chief executive officer of Aditya Birla Capital. 

Mulye replaces Ajay Srinivasan, who is moving out to shoulder other responsibilities within the group.

Mulye will be joining the Birla company on 1 June and will operate as CEO designate with an overlap of one month with Srinivasan to ensure smooth transition of leadership. She will take charge of her role as the CEO of Aditya Birla Capital post this period of overlap," said Aditya Birla Capital in its stock exchange notification.

Mulye, who spend 30 years with ICICI Bank and is a chartered accountant by qualification, has held many significant roles as head of ICICI Lombard and ICICI Ventures.

Rakesh Jha has been appointed as the wholetime director of the bank, and will hence cease to be group chief financial officer from 1 May.

The Board of Directors has approved the appointment of Rakesh Jha as a Wholetime Director (designated as Executive Director) subject to regulatory approvals for five years effective from May 1, 2022, or the date of approval of his appointment by RBI, whichever is later, ICICI Bank said in its regulatory filing.

To take the role of Jha after he resumes his new post, the bank's board approved the appointment of Anindya Banerjee as the group CFO and key managerial personnel of the bank.