Indian drug major Cipla announced M K Hamied as the executive vice chairman with effect from tomorrow. Subhanu Saxena will take over as the managing director and global CEO.
Cipla's acquisition of South Africa's Cipla Medpro will boost Africa business revenue by 2-3 percent, Subhanu Saxena, CEO said on Thursday.
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.