Biocon marketing head quits

Bangalore January 3rd, 2014: Biocon, a leading biotechnology company, has announced that its marketing head Rakesh Bamzai had quit the company. The company, in a filing to the Bombay Stock Exchange made on Wednesday evening said Mr. Bamzai, President, Marketing, who had been associated with the company for 19 years, “has decided to leave the organisation and accept a new leadership role”.

Biocon Chairperson and Managing Director Kiran Mazumdar-Shaw said Mr. Bamzai had played a “pivotal role in Biocon’s evolution from a leading enzymes company to a global biopharmaceutical enterprise”. She credited Mr. Bamzai as being “instrumental” in developing Biocon’s “global footprint”.

Ms. Shaw said Mr. Bamzai had decided to take up a “very senior and challenging assignment” after leaving Biocon. Despite his departure, Mr. Bamzai would remain a “strong brand ambassador for the company”, she said.

Mr. Bamzai said he hoped to “remain engaged with Biocon in the future”, and that he was confident that the team he leaves behind at the company would “ensure Biocon’s continued success” Business Line