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.
Y KHamied (80), who is the Non-Executive Chairman of the company, has acquired 5.22 percent additional stake from his wife Farida Hamied, thereby taking his total holding in the drug firm to 20.76 percent from earlier stake of 15.54 percent, Cipla said in a regulatory filing.
Prior to Dr Reddy's, Umang Vohra worked with PepsiCo and Eicher Motors.
Drug major Cipla on Thursday announced the appointment of Samina Vaziralli as executive director on its board, paving way for a bigger role for her, nearly two weeks after another heir apparent Kamil Hamied quiting the pharma company.
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.