Pharmaceutical company Cipla Limited announced the appointment of Dr. Mandar Purushottam Vaidya as an Independent Director of the company, with effect from July 29, 2022.
According to the company’s exchange filing, “the Board of the Directors at its meeting held today i.e., on 29th July 2022, has appointed Dr. Mandar Purushottam Vaidya (DIN: 09690327) as an additional and independent director of the Company for p period of 5 years with effect from 29th July 2022 to 28th July 2027 (both days inclusive).”
Dr. Mandar Vaidya is a medical doctor and a management graduate from the Jamnalal Bajaj Institute of Management Studies, India.
He spent 15 years at McKinsey (2002-2017), the last seven as a partner where he co-led the healthcare practice in India and established the hospitals practice for Asia. He has served leading pharmaceutical companies in India and globally, across several areas such as core strategy, manufacturing productivity improvement, R&D productivity, portfolio management, M&A and procurement programs. From 2017 to 2019, he worked part time, advising several healthcare companies, providing leadership coaching and designing and teaching a course on problem solving at Ashoka University.
In August 2019, he joined OYO, a global travel-tech company as CEO – SE Asia & Middle East, driving growth, doubling the number of-hotels and homes, while transforming the regions contribution margin to a net positive territory. He led the business through the COVID crisis, improving EBIDTA loss to a negligible level while managing massive business disruptions.
Since March 2021 he is the CEO – OYO Vacation Homes (OVH), Europe, a strategically important core market for the company. OVH ·is Europe’s second largest vacation homes company. He leads three acquired brands, DanCenter, Belvilla and Traum FW, each with a multi decade legacy.
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