Cipla heir apparent Kamil steps down
In a surprise move, Kamil Hamied, successor of the Hamied family in pharmaceutical major Cipla, has stepped down from the company to pursue personal interests. Kamil’s elder sister, Samina Vaziralli, has taken on an expanded role leading global strategic alliances and building the consumer health business in India. Kamil, 33, who was chief strategy officer of Cipla, was not on the board of the company but was groomed by family patriarch Yusuf Hamied as the next head. However sources say Kamil was not interested in the day-to-day running of the company.
Read Business Standard's full report here.