MUMBAI: The board of Lupin announced the unanimous appointment of Manju Deshbandhu Gupta, wife of late Deshbandhu Gupta, as chairman. Gupta has been a member of the board for over 40 years and an important pillar of strength for the company, says a company statement.
The board felt that this is a deserving recognition for one of the co-founders and first investor of the company, and is an important step in ensuring continuity, it adds. Desh Bandhu Gupta, the company’s founder and chairman, passed away on June 26. This non-executive role will be for a period of two years.
Commenting on the appointment, Gupta said “I am honored with the confidence that the board has placed in me and I look forward to working with the board to take Lupin to greater heights. I am also very pleased that Dr Kamal Sharma will continue to guide the management team for another year. I look upon my role as helping to take Dr Deshbandhu Gupta’s legacy forward, and transitioning over the next two years to Vinita and Nilesh.”
[Courtesy: http://health.economictimes.indiatimes.com/news/pharma/lupin-announces-manju-deshbandhu-gupta-as-chairman/60030025