AstraZeneca Pharma India Limited announced at the board meeting held on May 30, 2023 that the company approved retirement of Mr. Rajesh Marwaha from the Office of Chief Financial Officer and Whole-time Director of the Company with effect from the closing of business hours on September 30, 2023. Based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, the Board of Directors of the Company has approved the appointment of Mrs. Bhavana Agrawal as Chief Financial Officer of the Company with effect from October 1, 2023. Over the coming months, Mr. Rajesh Marwaha will support the transition of responsibility to Mrs. Bhavana Agrawal to ensure she gains swift understanding of current stage of business and important stakeholder relationships.

In the interim, she has been designated as Chief Financial Officer Designate and will subsequently be taking over the role and complete responsibilities of Chief Financial Officer upon the retirement of Mr. Rajesh Marwaha. Mrs. Bhavana Agrawal comes with over two decades of finance experience and has worked across multiple geographies & businesses. She played various roles with GE and her last responsibility with the organisation was out of Dubai as a CFO Services business at GE Healthcare for Middle East, Africa & Russia where she led a team of senior finance professionals and held responsible for revenue, costs, cash, planning session & financial closing activities in 30+ countries.

With her expertise around Commercial Finance, P&L Management & cost optimisation, financial planning /Analysis, Cash flow management, LEAN/process improvements, Accounting & Controls, she was a strategic finance partner for businesses with consistent performance in maximising revenue, margin & cash. She carries strong leadership with proven record in creating positive team culture & growth. Prior to her last role, she had performed multiple roles across finance domain between 2003 to 2015 in Dubai and India for GE.

Mrs. Bhavana Agrawal is an AllIndia rank holder as a Chartered Accountant. Earlier she completed her Bachelor of Business Studies in Delhi University. She is currently based in Dubai with her husband and 7 year old son and she would be relocating to India in July with her family.

She enjoys traveling.