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Pankaj Patel steps down as Cadila MD, son to take over

Board of Directors of Cadila Healthcare has unanimously approved the appointment of Sharvil P Patel

Press Trust of India  |  New Delhi 

Pankaj Patel steps down as Cadila MD, son to take over

Drug firm on Wednesday said its chairman and MD Pankaj R Patel has stepped down as Managing Director of the company.

His son Sharvil P Patel, who is Joint Managing Director, will take over as the new MD as part of succession planning, according to a regulatory filing by


The Board of Directors of has unanimously approved the appointment of as the Manging Director of the company, said in a filing to

Commenting on the development, Pankaj R Patel said: "...We at Zydus have been working on our succession planning programme over the last decade. In line with this and also to ensure the continuity of business going forward, Dr Sharvil Patel has been appointed as the Managing Director".

He has been associated with the company for close to two decades and has been actively associated in managing the business for over a decade, he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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