Hamied's resignation will come into effect from close of business hours on October 29, 2024, says Cipla
In a major top management rejig, pharma major Cipla today named Samina Vaziralli as Executive Vice-Chairman and Umang Vohra as the Managing Director and Global CEO with effect from September 1, 2016.
Cipla said its MD & Global CEO Subhanu Saxena has stepped down effective August 31 and MK Hamied shall continue to hold position of non-executive vice chairman.
Dr.YK Hamied, CMD, Cipla will retire with effect on March 31.Talking to CNBC-TV18 about his retirement plans, YK Hamied, CMD, Cipla says, “We now have built up a very strong senior management team and time has come to let the youngsters‘ takeover.