Priyavrat Bhartia takes charge as new MD of Jubilant Pharmova

31 May 2023 , 09:44 AM

Jubilant Pharmova announced changes in its board composition and leadership. The company informed the bourses that it appointed Priyavrat Bhartia as the new Managing Director.

As per the company’s succession planning strategy, Hari S Bhartia will step down from his current position of Managing Director. Hari’s resignation will be effective from May 31, 2023. However, he shall continue to be the Co-Chairman, and Non-executive director on the company’s board.

Priyavrat Bhartia will take over as the new MD from June 1, 2023. He held the position of a non-executive director since May 2017. 

Jubilant also stated that Group Chief Financial Officer Jubilant Bhartia Group & Whole-time Director assumed an additional charge of Chief Financial Officer of Jubilant Pharmova Ltd., which shall be effective from June 1, 2023.

The board of directors of the company has considered and approved the stated changes in its meeting held on May 29, 2023.

The company further added that this strategic move will nurture continued innovation, resilience, and further aid in creating value for shareholders, employees, and stakeholders.

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