Abbott India names Ambati Venu as MD

In February this year, Abbott India announced resignation of its managing director Rehan A Khan

An Abbott company logo is pictured at the reception of its office in Mumbai
An Abbott company logo is pictured at the reception of its office in Mumbai
Press Trust of India New Delhi
Last Updated : Sep 29 2016 | 5:43 PM IST
Drug firm Abbott India on Thursday appointed Ambati Venu its new managing director.

"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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First Published: Sep 29 2016 | 1:07 PM IST

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