Both will take charge of their new positions from September 1, 2016
Cipla announced the appointment of Umang Vohra as the MD and Global Chief Executive Officer of the company effective September 1, 2016. The current incumbent, Subhanu Saxena will step down from his position on August 31, 2016 to attend to emergent family priorities. Subhanu joined Cipla in February 2013 as the CEO.
Vohra joined the company in October 2015 as the Global Chief Financial & Strategy Officer and was elevated as the Global COO, early this year as part of a planned progression.
Samina Vaziralli, Executive Director and the Global Head-Strategy, M&A and Cipla New Ventures will be the Executive Vice – Chairman of Cipla effective September 1, 2016. She will move on from her current responsibilities to focus on board and governance issues, in addition to growing Cipla’s strategic priorities through key global partnerships, corporate brand building and public advocacy.
MK Hamied will continue to serve on the Board as the Non – executive Vice – Chairman.
EP News Bureau – Mumbai