Cipla's CEO Departs Amid "Text-Book" Succession Plan For Future

Cipla has announced the departure of its CEO Subhanu Saxena and the elevation of a promoter family member, Samina Vaziralli, as it transitions to its next phase of growth. Vaziralli's elevation reinforces the long-term commitment of the promoter group to Cipla and comes amid on-and-off speculation that the company may be a sell-off candidate.