Cipla Vice Chairman M K Hamied resigns after 47 years of service
Mumbai: Cipla has announced the resignation of Mustafa Khwaja Hamied from the position of Vice Chairman and Non-Executive Director of the Company due to age and health.
"Mr M K Hamied (DIN: 00029084), vide letter dated 3rd September 2024, has resigned from the position of Vice Chairman and Non-Executive Director of the Company w.e.f. close of business hours of 29th October 2024 due to age and health," the BSE filing stated.
In a letter of resignation M K Hamied stated, "These past 47 years at Cipla have been truly a remarkable chapter in my life. Over the decades, I have seen the Company grow and evolve in ways I am immensely proud of. I have had the good fortune of working with several key employees and Board members, and especially with Dr. Y. K. Hamied, who has been the guiding light of Cipla. He has greatly contributed towards making my journey at Cipla, one of the most rewarding experiences of my life. I would like to acknowledge Samina's contribution in transforming the Company into a professionally managed organization and 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."
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