United Ajod Insurance Appoints Rena Rijal As Acting CEO Following Resignation Of Narayan Kumar Bhattarai
4th August 2026, Kathmandu
United Ajod Insurance Company Limited has appointed Deputy Chief Executive Officer Rena Rijal as the Acting Chief Executive Officer.
United Ajod Appoints Rena Rijal
The decision was finalized during an emergency meeting of the Board of Directors held on Monday evening after accepting the resignation of Chief Executive Officer Narayan Kumar Bhattarai.
CEO Departure After Three Months
Narayan Kumar Bhattarai was appointed as the Chief Executive Officer on Baisakh 13, 2083. He submitted his resignation after completing three months in the executive role.
This resignation marks the second CEO-level leadership change at United Ajod Insurance within a single year.
Prior to his appointment, former Chief Executive Officer Kamal Gautam had resigned from the position on Magh 4, 2082.
Rena Rijal Takes Charge As Acting CEO
Following the acceptance of the resignation, the board entrusted Deputy CEO Rena Rijal with leading the daily operations as Acting CEO.
Rijal brings extensive professional experience in the non-life insurance sector to the executive role.
The board expects her to manage corporate operations and maintain business continuity until a permanent chief executive officer is appointed.
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Circumstances Surrounding Resignation
The board of directors and executive leadership have not issued a formal public statement detailing the specific reasons behind the resignation.
When questioned by media representatives, Board Chairman Azad Shrestha declined to comment on the matter.
Industry sources report that concerns were raised regarding Bhattarai’s previous inclusion on an official financial blacklist.
Reports suggest claims emerged that he had assumed the chief executive officer position prior to completing the required three-year cooling period following blacklist removal.
These reports indicate that the compliance concerns prompted the board to convene the emergency session, leading to the acceptance of his resignation.
Rena Rijal, who was away on leave at the time, was requested to return immediately to assume overall management responsibilities.
Leadership Transition And Operational Focus
The appointment of Rena Rijal ensures executive leadership continuity as United Ajod Insurance navigates its management transition.
Industry observers and investors are monitoring the next steps of the company regarding the selection and formal regulatory approval of a permanent chief executive officer.
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