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HDFC to tap Egon Zehnder to identify Aditya Puri’s successor

HDFC to tap Egon Zehnder to identify Aditya Puri’s successor

Finance
MUMBAI: India's HDFC Bank will retain global executive search firm Egon Zehnder to find a successor to managing director Aditya Puri, four sources familiar with the matter said, as its board seeks to end an impasse and zero in on a candidate. The board's decision to recruit a global head-hunting firm comes as a six-member internal search committee, appointed in November last year, has not been able to reach a consensus on selecting a successor to Puri, who has been at the helm of the country's largest private lender since its inception in 1994. Puri, whose term comes to an end in October this year, is also an advisor to the search committee tasked with identifying a suitable candidate. "The latest decision to hire a global advisory firm has been taken after the search committee members rea...