Corporate Movements December 2023

  11 min 31 sec to read
Corporate Movements December 2023

NEW APPOINTMENTS 

Ramchandra Khanal has been appointed the CEO of Kumari Bank Ltd. replacing Ramesh Raj Aryal who resigned. Khanal was CEO of Kumari also earlier, before the merger of Nepal Credit & Commerce Bank into Kumari Bank. Chartered Accountant Khanal has experience in the financial services sector spanning over 11 years. He has served also as the CEO of NIC Asia Capital in addition to taking high level positions in Siddhartha Bank and NIC Asia Bank. 

Dr Bijay KC has been appointed the Dean of Kathmandu University School of Management (KUSOM). This is his third stint in the position. His earlier two terms as KUSOM Dean started in 1992 (when he ushered in the MBA education in Nepal) and later in 2017 serving altogether 14 years. 

Ram Sharan Deuja has been nominated for the position of the Managing Director of Rashtriya Khadya Bank. He is former Secretary General of Federation of Contractors Association of Nepal. 

Kapil Dhakal has been appointed as Acting CEO of Jyoti Bikas Bank after the resignation of Sreechandra Bhatta who was working as the CEO. Dhakal was serving in the company as Senior Deputy CEO and has in the past served as CEO of Hamro Bikas Bank which has merged with Jyoti Bikas Bank. He has also served in a senior position in NIC Asia Bank. 

Prakash Gurung has been appointed the Deputy CEO of Green Development Bank that is based in Pokhara. Gurung has an experience in the financial services sector spanning over 20 years during which he served also as Deputy CEO of Shine Resunga Development Bank and Member of the Board of Directors of Pokhara Finance. 

Min Bahadur Bohara has been given responsibility of Acting Chief Executive Officer at Mirmire Laghubitta Bittiya Sanstha Ltd. after its CEO Puskar Raj Joshi resigned from the post. 

Jeeban Khanal has been appointed as the CEO at Wean Nepal Laghubitta Bittiya Sanstha Ltd. for four years. Earlier, he was CEO of Swastik Laghubitta Bittiya Sanstha Ltd. 

Khimlal Devkota has been nominated as Senior Content Reviewer at Asian Journal of Science and Social studies. Devkota is Senior Advocate at Supreme Court of Nepal. 

MOVEMENTS IN PUBLIC LIMITED COMPANIES 

Apachh Kumar Yadav has been elected as the Chairperson of the Laxmi Laghubitta Co. Ltd. representing Laxmi Sunrise Bank Ltd. Similarly, Suman Prasad Gelal and Mamata Parajuli have also been elected to the board as the Directors of the company representing the bank. 

Sadhana Ghimire has been elected as the Director of Nepal Bank limited, representing the government of Nepal. 

Suresh Panjiyar has been elected as the Director of the Mithila Laghubitta till the coming Annual General Meeting. 

Roshan KC has been elected Chairman of Machhapuchchhre Bank Ltd. He replaces Dr. Upendra Mahato who resigned from the position recently. KC is Director of KC Group and is associated with hydropower, construction and housing businesses as well. 

Ramesh Raj Aryal has been elected as the Director of Citizens Bank International. Till recently he was CEO of Kumari Bank Limited. 

Dr Bal Gopal Baidya has been elected as the Chairman of the Everest Bank Ltd. The position had fallen vacant after the demise of BK Shrestha recently. An economist Dr. Baidya has been Member of the Board of Directors of Everest Bank for the last 20 years. A former Member of the National Planning Commission, Dr Baidya holds PhD in Economics from the Philippines. 

MOVEMENT IN BUSINESS ASSOCIATION 

Bhim Prasad Gautam has been appointed as the CEO of the Independent Power Producers’ Association, Nepal (IPPAN). He is former president of the The Society of Economic Journalists-Nepal (SEJON). Gautam holds a master's degree in journalism from TU. 

GOVERNMENT MOVEMENTS 

The Judicial Council has nominated justices to fill six out of seven long-vacant positions at the Supreme Court. So recommended include Sharanga Subedi, Adbul Ajij Musalman, Mahesh Sharma Poudel and Tek Prasad Dhungana, all sitting high court judges. Similarly, Senior advocates Sunil Pokharel and Bal Krishna Dhakal are also nominated to be appointed supreme country justices from the lawyers’ quota. Pokharel, a former general secretary of the Nepal Bar Association, is regarded as close to the ruling Nepali Congress. Dhakal, on the other hand, has close ties to the main opposition CPN-UML. 

In addition to recommending justices, the council has also appointed chief judges in six high courts. Accordingly, Lohit Chandra Shah has been appointed chief judge of Surkhet High Court, while Madhav Prasad Pokharel will head Pokhara High Court, Ramesh Prasad Rajbhandari will head Biratnagar High Court, Shreekanta Poudel will head Janakpur High Court and Nitya Nanda Pandey will head Tulsipur High Court while Shanti Singh Thapa will head Dipayal High Court. 

The government has appointed sitting judge of Dipayal High Court Tek Narayan Kunwar as the Chairman of the Special Court. He replaces Shrikanta Paudel who is now Chief Judge of Janakpur High Court. Meanwhile, Tej Narayan Singh Rai, Ram Bahadur Thapa and Murari Babu Shrestha are new members in the Special Court. Similarly, the government has designated Patan High Court judge Lekhanath Paudel in the Special Military Court. 

The government has decided to promote Sarita Dawadi as Secretary (engineering services). The position had fallen vacant after the resignation of Dinesh Kumar Ghimire. Dawadi was Executive Director in the Water Resources Research and Development Centre. 

The government has appointed Achyut Raj Pahadi as a member in the Board of Civil Aviation Authority of Nepal (CAAN). He has served Nepal Airlines Corporation as an engineer heading the Engineering Department as Director as well as in the capacity of a member of the Board of Directors of the corporation. He replaces Triratna Manandhar who resigned recently from the CAAN Board. 

The government has posted Narayan Prasad Sharma Duwadi as the Secretary of the Ministry of Industry, Commerce and Supplies. The position had fallen vacant after Madhu Marasini was suspended following a corruption case filed by Commission for the Investigation of Abuse of Authority (CIAA) against Marasini and others in relation to National Payment Gateway procurement. Duwadi was earlier serving as the Chief Secretary of the Sudur Paschim Provincial Government. 

The government has decided to set up an Embassy of Nepal in Portugal and nominated Shanil Nepal to be appointed as Resident Ambassador there. The President will make the formal appointment after the Parliamentary Hearing Committee endorses the government nomination. 

Puranjan Acharya has been appointed the Vice-Chairman of the Provincial Planning Commission of Koshi Province. 

Mahesh Rimal has been appointed the Acting CEO of Rastriya Beema Sansthan (RBS), a state-owned enterprise, that is now converted into a public limited company with a new name of Rastriya Jeevan Beema Company Ltd. Earlier, Rimal was the Deputy CEO of RBS. 

Devendra Prasad Yadav has been appointed as the Chairman of recently set up Animal Health and Livestock Services Council. Yadav is a retired government officer who served in the livestock health sector for about 30 years and was a joint secretary before he retired. His tenure in the council is of one year. 

Dinesh Kumar Ghimire, Secretary (Energy) Ministry of Energy, Water Resources and Irrigation has resigned and the same has been approved by the Council of Ministers. 

Foreign Secretary Bharat Raj Paudyal has been approved by the parliamentary hearing committee to be appointed as ambassador to Canada. 

The government has appointed Dr Guna Raj Lohani as the Chairman of the Health Insurance Board. Similarly, Dr Subodh Kumar Sharma has been appointed as the Chairperson of the Nepal Health Professional Council, Chandra Kumar Rai as the Chairperson of the Sanskritik Sansthan and Purna Bahadur Kunwar as a member of the E-Governance Commission. 


NOTE: If you have new Appointments, Promotions, Transfers and Rejoining in your organisation, send us the details with a picture of the employee concerned. 

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