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Cipla appoints Subhanu Saxena as new CEO

Cipla appoints Subhanu Saxena as new CEO

Drug company Cipla appointed Subhanu Saxena as the Chief Executive Officer of the company. The appointment is effective from February 1, 2013.

BT Online Bureau
  • Bangalore,
  • Updated Nov 22, 2012 12:16 PM IST
Cipla appoints Subhanu Saxena as new CEO
Drug company Cipla appointed Subhanu Saxena as the Chief Executive Officer of the company. The appointment is effective from February 1, 2013.

Saxena has more than 25 years of work experience. He has worked with companies such as Citicorp, The Boston Consulting Group and PepsiCo, across markets in Europe, North America, Africa and Asia, Cipla said in a statement.

In his last assignment, he led the global product strategy and commercialisation functions at Novartis Pharma AG. In this role, he was a part of the Global Pharma Executive Committee, with responsibility for marketing, sales, global medical affairs and health economics, it added.

Saxena has a graduation degree in engineering from Oxford University and an MBA from INSEAD, France.

Saxena said: "Cipla has achieved several milestones but a wider canvas lies ahead in terms of opportunity and areas for growth".

Cipla had on Wednesday said that it made an offer of about $220 million (over Rs 1,200 crore) to acquire 51 per cent stake in South African firm Cipla Medpro.

The company has offered a rate of 8.55 rand per share.

With PTI inputs

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Published on: Nov 22, 2012 12:13 PM IST
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