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Cipla Scion Back, Vice-Chair Stepping Down

 
• By Anju Ghangurde

Kamil Hamied, son of Cipla’s outgoing vice-chair M K Hamied, is set to re-join the company as non-executive director, following his "entrepreneurial journey." Does it signal a shift in the promoter group’s immediate considerations amid past stake sale speculation or mark routine top-level executive changes?

More senior management changes at Cipla • Source: Shutterstock

Almost a decade after moving away from hands-on management responsibilities, Cipla Limited's scion Kamil Hamied, son of outgoing vice-chair M K Hamied and nephew of chairman, Dr Yusuf Hamied, is back at the company.

Hamied junior is set to join the company as a non-executive director with effect from 1 November, while his father...

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