New Delhi, June 13 (PTI) Sanofi Pasteur, the vaccines division of the Sanofi-aventis Group, today said it has appointed Harish Iyer as the Chief Executive Officer (CEO) of its Indian arm, Shantha Biotechnics, with immediate effect.
Further, the company has appointed Varaprasad Reddy, the founder of Shantha, as chairman of the board. Prior to this, he was the Managing Director of Shantha Biotechnics.
"Iyer will report directly to Olivier Charmeil, President and CEO of Sanofi Pasteur, and will be a member of the Sanofi Pasteur Management Committee," Sanofi Pasteur said in a statement.
Sanofi Pasteur acquired Hyderabad-based Shantha Biotechnics in 2009.
Commenting on the development, Sanofi Pasteur President and CEO Olivier Charmeil said: "Iyer's arrival materialises our engagement to invest in the company; his experience and dynamism will be key assets to lead Shantha in this new phase of its development.