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Aurobindo To Formalize Succession Plan In Dec As MD Readies Exit

Vaxxinity COVID-19 Vaccine Plans Hit Roadblock

 
• By Vibha Ravi

Aurobindo will formalize a succession plan in early December as managing director N Govindarajan, who has spent over a decade at the company, is set to move on. Meanwhile, though a settlement has been reached for generic Revlimid launch plans, development of a COVID-19 vaccine with partner Vaxxinity has hit a major roadblock

Concept of change Wooden Blocks
Aurobindo Is Set For A Change At The Helm • Source: Alamy

Aurobindo Pharma Limited’s board will meet in early December to formalize a succession plan necessitated by an impending exit of managing director Narayanan Govindarajan, company officials said during a call to discuss Q2 FY22 performance.

On 1 October, it announced Govindarajan’s resignation from his position as MD and director will be effective from the close...

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