LIC CFO Shatmanyu Shrivastava to retire
In short
LIC said its CFO, Shatmanyu Shrivastava, will step down when he retires. The available summary also says four other senior officials are leaving, but it does not give their names or dates.
This matters because LIC is losing senior people at the top. The reporting does not say who will replace them.
What the reporting says
LIC said CFO Shatmanyu Shrivastava will cease to hold the position on superannuation. The publisher-supplied summary says the company described the cessation as retirement, and it also mentions four other senior officials departing, though their details are not provided in the available reporting. The immediate consequence is a senior-management change at LIC; the timing of replacements is not stated.
Why it matters
LIC has said CFO Shatmanyu Shrivastava will stop holding the CFO role on superannuation, according to the available summary. The reporting also mentions four other senior officials departing, but gives no names or replacement plan. The key effect is a management transition at LIC, while the timing and impact on operations are not fully stated.