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MK Hamied steps down as Cipla's Vice Chairman on account of age, health

"It is with a heavy heart that I write to formally announce my resignation from the position of Vice Chairman and Non-Executive Director of the company," he said in a letter to the board of directors

Cipla plans acquisitions to take top spot in South Africa drug market

The company said the board has also approved the appointment of Kamil Hamied as Non-Executive Director.

1 min read Last Updated : Sep 03 2024 | 11:37 PM IST

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Drug major Cipla on Tuesday said MK Hamied has resigned as Vice Chairman with effect from October 29 due to age and health.

"It is with a heavy heart that I write to formally announce my resignation from the position of Vice Chairman and Non-Executive Director of the company," he said in a letter to the board of directors.

The company said the board has also approved the appointment of Kamil Hamied as Non-Executive Director, with effect November 1, 2024.

"I am pleased to see that Kamil Hamied will be joining the Board as a Non-Executive Director to maintain continuity while representing the promoter family," MK Hamied said in the letter.