Cipla board accepts resignation of MD

Dr. Y K Hamied has expressed his desire to retire as Managing Director of Cipla. The Board has accepted his proposal to retire as Managing Director effective March 31, 2013. Dr. Hamied, however continues to be the Chairman of the Company in a non-executive role effective April 01, 2013.

February 07, 2013 / 11:30 IST

Cipla Ltd has informed BSE that Dr. Y K Hamied has expressed his desire to retire as Managing Director of the Company. The Board unanimously acknowledges the outstanding contribution of Dr. Hamied to the Company over the past 52 years, and in deference to his wishes, has accepted his proposal to retire as Managing Director effective March 31, 2013.Dr .Hamied, however continues to be the Chairman of the Company in a non-executive role effective April 01, 2013.Source : BSE

Read all announcements in Cipla

first published: Feb 7, 2013 11:30 am

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