Category: Appointment

Bangalore, April 25, 2014 - Biocon Ltd., Asia's premier biotechnology company, announced that the Board of Directors of the Company, in their meeting today, have approved the induction of Dr. Arun Chandavarkar, on to the board of Biocon Limited. He has also been appointed as Chief Executive Officer and Joint Managing Director.

Welcoming Arun on the Board, Kiran Mazumdar-Shaw, CMD, Biocon, said, “I am extremely happy to have Arun join the Board of Directors and take on the mantle of CEO & Joint MD. Arun has been a core member of the leadership team at Biocon and has worked very closely with me over the last 24 years. He has played a pivotal role in the evolution of Biocon and I am confident that, in his new role, he will build immense value for Biocon and its stakeholders.” 

Dr. Arun Chandavarkar, CEO & Joint MD, Biocon, said“I am delighted and honoured to join the Board of Biocon. These are exciting times and I look forward to steering the Company to the next level.”

Dr. Arun Chandavarkar has a B. Tech from IIT, Bombay and earned his Ph.D. in Biochemical Engineering from the Massachusetts Institute of Technology, Cambridge, USA

Dr. Chandavarkar has been the Chief Operating Officer of Biocon since 2006. He joined Biocon as General Manager – Operations in 1990. Under his leadership, Biocon has established expertise in diverse technology platforms spanning microbial fermentation, cell culture, chemical synthesis and purification to develop a wide range of products from specialty enzymes to active pharmaceutical ingredients to recombinant therapeutic proteins. BWI

Category: Appointment

Mumbai, March 14, 2014: A year after Cipla’s YK Hamied said he was stepping down as Managing Director, his brother MK Hamied has expressed his desire to retire as Executive Vice-Chairman of the company.

Cipla said on Thursday that its board of directors accepted MK Hamied’s proposal to retire as Executive Vice-Chairman effective March 31, 2014, acknowledging his over 30 years with the company. MK Hamied, however, continues to be Cipla Vice-Chairman in a non-executive role effective April 01, 2014, the company added.

Cipla also announced the elevation of Rajesh Garg as Executive Director and Global Chief Financial Officer, besides being appointed as an Additional Director and Whole-time Director of the company from April 1.

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