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Cipla CEO Umang Vohra to Step Down, COO Achin Gupta Likely Successor

StartupTalky

StartupTalky · 2d ago

Cipla CEO Umang Vohra to Step Down, COO Achin Gupta Likely Successor

Cipla, a leading Indian pharmaceutical company, is set for a leadership transition as CEO Umang Vohra plans to step down by fiscal year 2026, with COO Achin Gupta likely to succeed him. Vohra, who joined Cipla in 2016, significantly expanded its global presence. Gupta, known for his operational and strategic expertise, is expected to maintain Cipla’s growth. This internal succession reflects a trend in India's pharma sector focusing on stable leadership transitions.

Related News

Apple after Tim Cook? A look at the likely next CEO John Ternus

Livemint

Livemint · 1y ago

Apple after Tim Cook? A look at the likely next CEO John Ternus

Apple's hardware engineering chief, John Ternus, is rumored to be the likely successor to CEO Tim Cook, according to a Bloomberg report. Ternus, who has been instrumental in the development of products such as the iPad, AirPods, and iPhone series, has gained Cook's respect and is seen as a potential long-term CEO option. Other candidates, including COO Jeff Williams, were mentioned but deemed less likely. While a leadership change isn't imminent, it is expected that Cook will handpick his successor, similar to how Steve Jobs did.

Samsung-backed startup's CEO Shoval refuses to quit after new CEO announced

Inshorts · 1y ago

Samsung-backed startup's CEO Shoval refuses to quit after new CEO announced

Nadav Shoval, the Founder of Samsung-backed billion-dollar tech company OpenWeb, refused to step down as CEO after Tim Harvey was announced as his successor. He wrote an email to the staff saying the board "falsely" said he was stepping down when it was not his intent. Meanwhile, Tim emailed the staff that CEO transition is in the process as planned.

Stability AI CEO Emad Mostaque quits to pursue 'Decentralised AI'

Inshorts · 1y ago

Stability AI CEO Emad Mostaque quits to pursue 'Decentralised AI'

Stability AI Founder Emad Mostaque has stepped down as CEO to pursue 'Decentralised AI'. COO Shan Shan Wong and CTO Christian Laforte will serve as interim co-CEOs as the British AI startup searches for a permanent replacement. Taking to X, Mostaque said, "The concentration of power in AI is bad for us all...I decided to step down to fix this."

DriveU cofounder Ashok Shastry steps down after a decade of service - The Economic Times

Economic Times

Economic Times · 22d ago

DriveU cofounder Ashok Shastry steps down after a decade of service - The Economic Times

Ashok Shastry, cofounder of DriveU, has stepped down from his executive role but will maintain a position on the board. Shastry, who joined DriveU in 2015 and has held roles such as COO, CGO, and CEO, stated that his decision to step down was personal and not related to company performance. He emphasized that the company's strategic direction remains strong as he continues to support it as a board member.

Morgan Stanley's Chairman James Gorman to step down after transforming the bank

Money Control

Money Control · 1y ago

Morgan Stanley's Chairman James Gorman to step down after transforming the bank

James Gorman, the executive chairman of Morgan Stanley, is set to step down at the end of the year. Gorman, who served as CEO for 14 years, played a significant role in transforming the bank into a formidable wealth management powerhouse. His successor, Ted Pick, has already undergone a successful transition, and key executives Andy Saperstein and Dan Simkowitz have been retained. This follows recent succession plan updates from JPMorgan CEO Jamie Dimon.

Here's what Uday Kotak will be doing after retirement

Livemint

Livemint · 2y ago

Here's what Uday Kotak will be doing after retirement

Uday Kotak has stepped down as the Managing Director and CEO of Kotak Mahindra Bank with immediate effect. However, he will continue as a non-executive director until his term ends on December 31, 2023. In a handwritten letter, Kotak mentioned his personal and family commitments in the coming months and the need for a smooth transition. The bank awaits RBI approval for his proposed successor, while Dipak Gupta, the Joint Managing Director, will temporarily take over as MD & CEO, subject to approvals.

Ex-Paytm COO Bhavesh Gupta joins fintech startup BillCut

VCCircle

VCCircle · 4m ago

Ex-Paytm COO Bhavesh Gupta joins fintech startup BillCut

Bhavesh Gupta, former COO of Paytm, has joined fintech company BillCut as a co-promoter and strategic investor after leaving Paytm for personal reasons. BillCut, founded by Sachin Mandon and others, aims to assist consumers in managing their credit scores and reducing debt. Gupta expressed excitement about joining the venture to revolutionize bill management in India. BillCut, with a valuation of $6.5 million, sees Gupta’s involvement as a significant step forward.

Sony Pictures CEO Tony Vinciquerra to step down; Ravi Ahuja named successor | Mint

Livemint

Livemint · 11m ago

Sony Pictures CEO Tony Vinciquerra to step down; Ravi Ahuja named successor | Mint

- Sony Pictures Entertainment (SPE) announces a leadership transition. - Tony Vinciquerra to step down as Chairman and CEO on January 2, 2025. - Ravi Ahuja, Chairman of Global Television Studios and President and COO, will succeed Vinciquerra as President and CEO. - Vinciquerra will remain as non-executive Chairman and advisor until the end of 2025. - Kenichiro Yoshida, Chairman and CEO of Sony Group, praises Vinciquerra's leadership and strategic decisions. - Ravi Ahuja brings extensive experience from successful entertainment companies and joined SPE in 2021.

Nazara Technologies' COO Sudhir Kamath resigns

Entrackr

Entrackr · 6m ago

Nazara Technologies' COO Sudhir Kamath resigns

Nazara Technologies' COO Sudhir Kamath resigns According to the company’s statement, Kamath has decided to resign to relocate to his native city and spend more time with his family. Nazara Technologies Limited has announced the resignation of its Chief Operating Officer (COO), Sudhir Kamath, who will step down from his role effective April 1, 2025. The company disclosed this development in an official filing with BSE Limited and the National Stock Exchange of India Limited (NSE). In his resignation letter addressed to Nazara Technologies’ Managing Director, Nitish Mittersain, Kamath expressed gratitude for his tenure at the company, highlighting his experiences working with the leadership team and subsidiaries. Before joining Nazara in October 2022, Kamath co-founded 9stacks and led it as CEO for over five years. Following Kamath’s resignation, Nazara is expected to announce his successor in due course. Meanwhile, Nazara’s operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24. However, despite the increased scale, the company’s profit declined by 53.6% year-on-year to Rs 13.7 crore in Q3 FY25 from Rs 29.5 crore in Q3 FY24.

Major leadership shift coming at Apple after COO change; design team to report to Tim Cook - The Economic Times

Economic Times

Economic Times · 2m ago

Major leadership shift coming at Apple after COO change; design team to report to Tim Cook - The Economic Times

Apple is undergoing a significant leadership reshuffle. Chief Operating Officer Jeff Williams will step down, and Sabih Khan, a 30-year Apple veteran, will take over. CEO Tim Cook will directly lead the design team, currently focusing on a new design language called Liquid Glass across Apple devices. Cook commended Williams for his substantial contributions, including overseeing Apple Watch's development and supply chain strategies. Khan's elevation to COO comes amid Apple’s intensified focus on artificial intelligence.

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