Himalayan Everest Insurance CEO Shah relieved from post

KATHMANDU: Bijay Bahadur Shah, Chief Executive Officer (CEO) of Himalayan Everest Insurance Ltd, has been relieved from his position, effective from June 27. 

The decision was made during a meeting of the insurance company's Board of Directors on June 26, based on mutual agreement. 

Himalayan Everest Insurance expressed gratitude for Shah's leadership, which resulted in the successful merger — the first in the history of the non-life insurance industry. Meanwhile, Anju Shrestha, Deputy Chief Executive Officer, will serve as the acting CEO until further arrangements are finalised.