Solara Active Pharma Sciences Limited (Solara), has announced the appointment of Bharath R. Sesha (Bharath) as the new Chief Executive Officer (CEO) to succeed Jitesh Devendra (Jitesh).
In April 2017, Jitesh was selected by the Board to take over as the CEO and Managing Director of Solara, a company that was built on the carved API businesses of Strides Pharma Science Limited (Formerly Strides Shasun Limited) and Sequent Scientific Limited. .
Deepak Vaidya, Chairman of the Board said: “The Board would like to thank Jitesh for his strong leadership at Solara. Under Jitesh, the Company achieved new heights from where it started, and today, it is on a growth trajectory to take on the future opportunities in this growing API industry. As part of the succession plan, the Board is pleased to announce Bharath as the Company’s new CEO who brings his significant strategic experience from his extensive career across multiple companies to deliver on the Company’s value creation strategy. Jitesh will continue to be on the Board as the Managing Director for about a year and will continue to play a guiding role for the company in this transitionary phase.”
Bharath, the new CEO designate, commented: “I am delighted to be joining Solara as its CEO, and I am grateful to the Board for offering me this opportunity. Certainly, these are exciting times for the industry, and I hope we will continue to create new opportunities for growth in our business to drive significant value for all the stakeholders. As the CEO, I am looking forward to working with an exceptional group of people over the coming years to carry our legacy forward. I would also like to extend my gratitude to Jitesh for his remarkable leadership at Solara and to extend his time and work jointly with me over the next year.”
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