 "Cipla names Umang Vohra as MD & Global CEO")
Cipla Ltd has appointed Umang Vohra as the managing director & 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 CEO.
Umang joined the company in October 2015 as the global chief financial & strategy officer and was elevated as the global chief operating officer early this year as part of a planned progression.
The company also announced that 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.
Dr Y K Hamied, non-executive chairman, Cipla Ltd, said, “Having been aware of his personal circumstances, we respect Subhanu’s decision to leave Cipla. We thank him for his stewardship over the last three years and also for his availability to his successor over the next few months for any transition support. We are delighted to see two young leaders - Umang and Samina - take on higher responsibilities within Cipla. Both have earned their new positions by the dint of the leadership and impact they have already made. Samina’s elevation also reinforces the long-term commitment of the promoter family to Cipla.”
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