G.V. Prasad appointed Dr Reddy’s chairman

Pharma major Dr. Reddy’s Laboratories Ltd Monday named its vice-chairman and CEO G.V. Prasad as the new chairman and CEO, succeeding founder chairman K. Anji Reddy, who died last month.

The board of directors made the appointment based on the recommendations of the Nomination, Governance and Compensation Committee, the company said in a statement.

Prasad is the son-in-law of Anji Reddy, who died on March 15 at the age of 73 following brief illness.

Anji Reddy’s son Satish Reddy has been appointed as vice-chairman in addition to his present role of managing director and COO.