Cipla Ltd.'s managing director and global CEO, Subhanu Saxena, has stepped down to attend to "emergent family priorities", handing over the baton to the firm's global chief operating officer (COO) Umang Vohra effective Sept. 1.
Saxena's exit ends long-running speculation that the ex-Novartis honcho may be on his way out as the Mumbai head-quartered firm evolves its business model in key markets to move into the "next orbit" of growth