Sanima GIC Insurance Limited has decided to reappoint its Chief Executive Officer (CEO), Sudyumna Prasad Upadhyay, for a second term. The company’s Board of Directors, at its 192nd meeting held on Bhadra 24, decided to extend Upadhyay’s tenure for another four years. His current first term as CEO is set to end on Kartik 6, 2083. His second term will begin on Kartik 7, 2083, and continue until Kartik 6, 2087, according to the company. Sanima GIC has also informed the Nepal Stock Exchange (NEPSE) about the decision. Under Upadhyay’s continued leadership, the company is expected to focus on business expansion, service delivery and further institutional strengthening.