Boehringer Ingelheim appoints Shashank Deshpande as Chairman of Board of Managing Directors
Ingelheim: Boehringer Ingelheim has announced that Shashank Deshpande, member of the Board of Managing Directors, has been appointed Chairman of the Board of Managing Directors, a responsibility that he will take on in addition to his current role leading the Human Pharma Business Unit. He will take over the Chairman’s mandate from Hubertus von Baumbach per July 1, 2025.
In a parallel move, Christian Boehringer, since 2007 Chairman of the Shareholders’ Committee, has decided to step down from his role with effect from June 30, 2025.
To fill this role, the Shareholders’ Committee has appointed Hubertus von Baumbach, currently Chairman of the Board of Directors, as his successor, effective July 1, 2025.
Christian Boehringer commented, “I look back at the past 18 years with great fulfillment, having worked with three CEOs and seen Boehringer grow to become the global pharma company it is today. I now hand over the baton to my cousin Hubertus, and very much look forward to working together with him on the Shareholders’ Committee.”
Hubertus von Baumbach served 16 years on the Board of Managing Directors, nine of which as Chairman. He added: “I want to thank Christian for his many years of leadership and dedication to the company. During his tenure the company changed fundamentally. I am very thankful for the trust I have been given with my new role. I wish Shashank much success; with his many years of industry experience in the US, Japan and Germany, he will lead Boehringer through the next growth phase towards 2035. In the many years that I have worked with Shashank I have seen and come to appreciate the strength of his leadership, of his values, and of his commitment to patients.”
Shashank Deshpande responded, “I am thankful that the shareholders entrust me with the Chairman’s role on the Board. I want to acknowledge Hubertus’ leadership of the company these past nine years. You’ve built a great team and it’s a true pleasure to be part of it. We are fully focused on bringing our strong pipeline to the market as fast as possible, and I am highly motivated to lead our organization to achieve this for the benefit of the patients and animals we serve."
Hubertus von Baumbach joined Boehringer Ingelheim in 2001. He held various leadership positions in Finance & Controlling, until he was appointed to the Board of Managing Directors in 2009, initially with responsibility for Finance and Animal Health, and from 2016 as Chairman of the Board.
Shashank Deshpande joined Boehringer Ingelheim in 2012, following a decade in pharma in the US. He took on various human pharma leadership positions in Germany and Japan, ultimately as Country Managing Director Japan. In 2023, Deshpande joined the Board of Managing Directors, with responsibility for Animal Health. In 2024, he was given responsibility for Human Pharma. Shashank Deshpande holds a Master’s degree in Business Administration from the University of Hamburg, Germany.
