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1-min read

Novartis India MD Milan Paleja to Step Down

Milan Paleja has informed the company's board of his decision to resign as the vice chairman and managing director effective May 31, 2019 for embracing challenges outside of Novartis, the company said in a regulatory filing.

PTI

Updated:December 5, 2018, 3:56 PM IST
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Novartis India MD Milan Paleja to Step Down
Representational Image. (Reuters Photo)

New Delhi: Drug firm Novartis India on Wednesday said its Vice Chairman and Managing Director Milan Paleja has decided to step down from the company, with effect from May 31, 2019.

Paleja has informed the company's board of his decision to resign as the vice chairman and managing director effective May 31, 2019 for embracing challenges outside of Novartis, the company said in a regulatory filing.

The company's board has requested the nomination and remuneration committee to identify and recommend a suitable successor for the role, it added

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| Edited by: Ahona Sengupta
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