Cipla has appointed Shivam Puri, currently the managing director and CEO of Cipla Health, as the Chief Executive Officer of its One India Business. The appointment, approved by the board, is effective July 1.
The appointment of Shivam Puri signals Cipla's strategic focus on strengthening its leadership for its significant Indian market operations, leveraging his extensive experience in consumer-focused businesses.
Cipla has appointed Shivam Puri as the Chief Executive Officer of its One India Business, a move aimed at strengthening the leadership of its domestic operations. Puri, who currently heads Cipla Health, the company's consumer healthcare and wellness division, will assume his new role on July 1. He will also become a member of Cipla's Management Council and be designated as senior management personnel.
Puri brings over 23 years of experience from the fast-moving consumer goods and healthcare sectors, having previously held senior positions at Hindustan Unilever, Jubilant FoodWorks, and ITC. During his tenure at Hindustan Unilever, he managed businesses such as the Pureit water purifier portfolio and the homecare division.
In a separate development, Cipla's board also approved grants under its employee stock compensation plans, including 11,360 stock options and 51,394 employee stock appreciation rights, with specific vesting and exercise terms.