Cadila Healthcare re-appoints Dr Sharvil P Patel as Managing Director
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Ahmedabad: Cadila Healthcare has announced the re-appointment of Dr. Sharvil P. Patel as the Managing Director of the company for a further period of 5 (five) year effective from April 1, 2022 to March 31, 2027.
"We would like to inform that the Board of Directors at their meeting held on January 21, 2022, based on the recommendation of the Nomination and Remuneration Committee and subject to approval of the members of the Company, have approved the proposal to re-appoint Dr. Sharvil P. Patel as the Managing Director of the Company for a further period of 5 (five) year w.e.f. April 1, 2022 to March 31, 2027", the company stated in a BSE filing.
The Company will seek approval of members in an extra ordinary general meeting, it added.
At present, Dr. Sharvil Patel is the Managing Director of the Company, which is one of the leading global healthcare providers and the 4th largest pharmaceutical company in India. He also officiates as the Chairman on the Board of Zydus Wellness Ltd., which has a basket of niche products and iconic brands such as Sugar Free, Everyuth, Nutralite, Com plan, Glucon D and Nycil.
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