Pfizer Limited announces resignation of MD

Mr. S. Sridhar, Managing Director, has expressed his intention to take an early retirement and has tendered his resignation as the Managing Director of Pfizer Limited. Mr. Sridhar will continue to serve in his current position of Managing Director for as long a period as required until the identification, selection and transition to the new leadership takes place in the Company. The effective date of his resignation shall be as agreed between Mr. Sridhar and the Board of Directors, and the same will be notified to you separately.

Over the past 14 years, Mr. Sridhar has led a number of key leadership positions in Pfizer Limited, including serving as the Company's Chief Financial Officer for a period of 8 years. Over the past 6 years, Mr. Sridhar has led Pfizer Limited as the Company's Managing Director and made significant contributions to the growth of the Company's portfolio, presence across India and reach to patients who have benefited from access to Pfizer therapies. Mr. Sridhar has also served as the Co-Chair of the FICCI Pharmaceuticals Committee and currently also serves as the President of the Organization of Pharmaceuticals Producers of India (OPPI).

Shares of Pfizer Limited was last trading in BSE at Rs. 4169.05 as compared to the previous close of Rs. 4191.25. The total number of shares traded during the day was 884 in over 343 trades.

The stock hit an intraday high of Rs. 4192.10 and intraday low of 4131.85. The net turnover during the day was Rs. 3686711.00.

Source : Equity Bulls

Keywords

Pfizer INE182A01018 Resignation MD