Pharma major Glenmark Pharmaceuticals Limited announced the appointment of Vijayalakshmi Rajaram Iyer as an Additional Director on the company’s Board, with effect from February 10, 2023.
According to the company’s exchange filing, “Based on the recommendation of the Nomination and Remuneration Committee, the Board of the Company at its Meeting held today has approved the appointment of Mrs. Vijayalakshmi Rajaram Iyer(DIN: 05242960) as an Additional Director designated as Non‐ Executive ‐ Independent, not liable to retire by rotation, effective today i.e. February 10, 2023.”
Vijayalakshmi graduated from M.L. Dahanukar College of Commerce and did her post‐graduation from Sydenham College of Commerce, Mumbai. She is also a certified associate of the Indian Institute of Banking and Finance. She has nearly four decades of experience in the banking and finance sector in India.
She retired as the chairman and managing director of Bank of India in May 2015 where she played an instrumental role in structuring it as an umbrella institution offering all kinds of banking and financial services. She also served as member (finance & investment) at IRDAI from 2015 to 2017 where she played a significant role in the introduction and amendment of various regulations related to, inter alia, finance and accounts, corporate governance, mergers and acquisition, registration of new insurance companies and exposure of management
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