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Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals

Ranbaxy Chairman Steps Down

10:14 PM MDT | June 14, 2009

Ranbaxy Laboratories (Gurgaon, India) says that Malvinder Singh has stepped down from as chairman, CEO, and managing director of Ranbaxy. Atul Sobti, Ranbaxy’s chief operating officer has been appointed CEO and managing director. Daiichi Sankyo (Tokyo) acquired Ranbaxy from its founders, the Singh family, in 2008. Daiichi Sankyo owns 63.92% shares of Ranbaxy. “I leave with complete confidence that the initial transition phase that followed Daiichi Sankyo’s acquisition of majority shareholding interest in Ranbaxy has been completed...

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