Ex Cipla Global CFO Kedar Upadhye appointed as new CFO of Biocon Biologics
Bengaluru: Biocon Biologics Ltd, a subsidiary of Biocon Ltd has announced that the Board of Directors of Biocon Biologics have appointed Kedar Upadhye as the new Chief Financial Officer (CFO) and the Company’s current CFO, MB Chinappa, will transition to take on a strategic finance role at Biocon Group. These leadership changes will be effective October 31, 2023.
MB Chinappa has served as CFO of Biocon Biologics since his appointment in January 2020 and has played an integral role in developing business strategy and enabling profitable growth. He has helped secure over $500M in Private Equity investment and was instrumental in the Company’s recent $3B+ acquisition of Viatris’ global biosimilars business in 2022 and its strategic vaccines partnership with the Serum Institute of India.
A Biocon veteran, Chinappa joined the Biocon Group in 1999 as a key member of the Finance Leadership Team where he was part of several strategic initiatives including Biocon Limited’s successful IPO in 2004. Subsequently, he moved to Biocon’s research services subsidiary, Syngene, as the CFO in 2008 where he played a significant role in driving business strategy and growth and oversaw a successful public listing in 2015. He joined Biocon Biologics as the CFO in 2020 and has been instrumental in setting up the finance function and driving several strategic initiatives at the company. Given Chinappa’s deep understanding and experience at each of the Group Companies’ businesses during his 24-year tenure with Biocon Group, he will be moving to a strategic finance role and will work with Peter Bains, the recently appointed Group CEO, Biocon Limited.
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