"The board at its meeting held today approved the appointment of Ambati Venu as an additional director on the board and managing director of the company for a term of 5 years effective September 29, 2016, subject to approval from the central government and shareholders of the company," Abbott India said in a BSE filing.
In February this year, Abbott India announced resignation of its managing director Rehan A Khan. Khan's resignation was effective close of business hours on April 30, 2016.
Shares of Abbott India were trading 0.41 per cent down at Rs 4,701 on the BSE.
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