Syngene International Limited appoints Mr. Peter Bains as MD & CEO

The Board of Directors of Syngene International Limited, pursuant to the recommendation of the Nomination and Remuneration Committee ('NRC'), approved the appointment of Mr. Peter Bains as an Additional Director, designated as Managing Director & Chief Executive Officer (a Key Managerial Personnel) of the Company effective April 1, 2025 subject to the approval of the shareholders of the Company.

Mr. Peter Bains, 67 years, holds a bachelor's degree in Science (Combined honours in Zoology and Physiology) from University of Sheffield, United Kingdom. He has global experience in strategic and operational leadership including at Board, CEO and Senior Corporate levels with an extensive track record of leadership and success in building companies, businesses, teams and brands for over 30 years. Mr. Bains brings in differentiating characteristics with extensive experience in Biopharmaceuticals across business and technology segmentation (Biotech, Vaccines, Branded Generics, Life Sciences, CRO) and geography encompassing both developed and emerging markets.

Mr. Bains had served as the Chief Executive Officer (CEO) and Member of the Board of Syngene International Limited for nearly six years, starting in 2010. During his tenure, he successfully led the company to its public listing in 2015. He joined back the Biocon Group as an Independent Director in Biocon Limited in December 2022 and later was appointed as the Group CEO in September 2023. He also held the position of CEO at Sosei Group, a publicly traded biopharmaceutical company in Japan. Prior to these roles, Mr. Bains had a distinguished 23-year career at GlaxoSmithKline (GSK), where he held several senior positions, including Head of Global Marketing and Senior Vice President of Commercial Development for GSK's International region.

Shares of Syngene International Limited was last trading in BSE at Rs. 718.20 as compared to the previous close of Rs. 726.10. The total number of shares traded during the day was 4294 in over 609 trades.

The stock hit an intraday high of Rs. 727.70 and intraday low of 716.30. The net turnover during the day was Rs. 3089159.00.

Source : Equity Bulls

Keywords

SyngeneInternational INE398R01022 Pharmaceuticals Appointment MD CEO