New Delhi, July 28 -- Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its Chief Financial Officer (CFO) and Varadarajan Muthuvenkataraman as Chief Risk Officer (CRO), strengthening the leadership overseeing the insurer's financial and risk management functions.

The appointments were approved by LIC's Board of Directors at its meeting held on Tuesday on the recommendation of the Nomination & Remuneration Committee, the company said in a press release. Both executives have been appointed as Key Managerial Personnel (KMPs), with their tenure continuing until superannuation or until further orders, whichever is earlier.

Shrivastava, who was serving as Executive Director (Finance & Accounts), has been appoint...