Sumed Bhattarai has been appointed chief executive officer of Laxmi Sunrise Bank, with his four-year term set to begin on Kartik 15. The bank’s board of directors made the decision at its 330th meeting on Asoj 27, according to company secretary Piyush Raj Aryal.
Board decision and appointment timeline
The appointment places Bhattarai, who currently serves as the bank’s senior deputy CEO and chief credit officer, at the head of Laxmi Sunrise Bank’s executive leadership. The board’s decision was confirmed by Aryal, who identified the meeting at which the appointment was made and the date on which Bhattarai is due to assume the role.
Bhattarai’s four-year tenure is scheduled to start on Kartik 15. The appointment decision was taken on Asoj 27, at the board’s 330th meeting. The bank has not provided additional details in the information available about the transition between the board decision and the start of the new term.
Bhattarai’s current responsibilities
Before taking up the CEO position, Bhattarai has been serving as senior deputy CEO and chief credit officer at the bank. His appointment therefore brings him from an existing senior executive role into the bank’s top executive post. The details provided about the appointment do not set out any changes to his current responsibilities before Kartik 15.
The bank’s announcement, as conveyed by company secretary Aryal, confirms the key terms of the move: the board approved Bhattarai’s appointment, the decision was made at its 330th meeting, and the new CEO’s term will last four years. No further information was provided about the selection process or other candidates.
The appointment marks a leadership change at Laxmi Sunrise Bank, with Bhattarai set to take charge from Kartik 15. Until then, he remains identified as the bank’s senior deputy CEO and chief credit officer in the information provided about his appointment.
