Israel Makov to step down as Sun Pharma Chairman
Mumbai: Sun Pharmaceutical Industries Limited, today announced that its Chairman and member of the Board, Mr Israel Makov, will retire from the company upon the completion of his current term post Sun Pharma's Annual General Meeting on August 29, 2022, after having led the organisation for 10 years.
He was appointed a Board member and the Chairman in 2012. Under his leadership, Sun Pharma transformed from a US$ 1.7 billion organisation focusing on India and the US into the world's fourth largest specialty generic pharmaceutical company operating across 100+ markets with a turnover of over US$ 5 billion.
Leading the company's global expansion, he guided the acquisition of Ranbaxy in 2014. Mr Makov helped steer the company to pursue its strategy of building a global pipeline of specialty products.
Mr Israel Makov said "I was fortunate to be part of the thrilling journey of Sun Pharma becoming a major global player in the pharmaceutical industry. I especially enjoyed working with the talented executives of Sun Pharma who participated in the company's transformation and successfully led the process of change. I am proud of what this incredible company has accomplished and am grateful to my colleagues and all the members of the Board for their trust and support."
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