Drug major Pfizer Ltd today informed that its Managing Director Aijaz Tobaccowalla has resigned from the post.
The day-to-day operations of the company will be managed by its Executive Director, Business Unit and Distribution Head S Sridhar till Tobaccowalla's successor is appointed.
Tobaccowalla's resignation would be effective from October 16.
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On June 5, the company had informed that Tobaccowalla intends to step down from his position.
Shares of Pfizer Ltd were trading at Rs 2,400 in afternoon trade, down 1.03%.