Asian Life Insurance CEO resigns, Hom Bahadur gets interim charge

Dineshlal Shrestha, chief executive officer of Asian Life Insurance, has resigned from his post. The company's board of directors, at its 233rd meeting, approved his resignation.

According to a company director, the decision takes effect from Tuesday, Kartik 10. Shrestha had been appointed CEO of the company on Magh 1, 2077 BS. Four years later, on Magh 1, 2081 BS, he was reappointed to the same post.

About 21 months into his reappointment, he has decided to step down midway through his second term. Until alternative arrangements are made, the board of directors has given interim charge of the CEO post to Deputy CEO Hom Bahadur Shrestha.

The company has formally informed the Nepal Stock Exchange, the Nepal Insurance Authority, the Securities Board of Nepal, the Office of the Company Registrar and CDS and Clearing Limited of both the approval of the resignation and the interim appointment.