Jubilant Pharmova Limited inform that the Board of Directors of the Company has, at its meeting held on, May 29, 2023, inter-alia, considered and approved the following important changes in the board and key managerial personnel of the company based on the recommendations of Nomination & Remuneration Committee.
Mr. Arun K Sharma, Chief Financial Officer and Key Managerial Personnel of the Company will take up the role of Group Treasurer and as part of his succession plan, the company is in process of identifying and appointing a successor. He will step down from the post of Chief Financial Officer effective from closing business hours of May 31, 2023, which has been accepted by the Board. Mr. Arvind Chokhany, who at present is Group Chief Financial Officer Jubilant Bhartia Group & Whole-time Director has taken up an additional role of Chief Financial Officer of Jubilant Pharmova Ltd. effective June 01, 2023, to ensure smooth transition to the new CFO, for which the identification and appointment is in progress.