Cipla Names New CEO

Cipla has appointed Umang Vohra as the company's managing director and global chief executive officer (CEO), effective on September 1, 2016. Umang joined the company in October 2015 as the global chief financial and strategy officer and was elevated to global chief operating officer early this year as part of a planned progression.

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.

Samina Vaziralli, executive director and the global head, strategy, M&A and Cipla New Ventures, will be executive vice-chairman of Cipla effective on September 1, 2016. She will focus on board and governance issues as well as growing Cipla's strategic priorities through global partnerships, corporate brand building, and public advocacy.

MK Hamied will continue to serve on the board as the non-executive vice-chairman.

Source: Cipla

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