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Vijay Shah to head Piramal Healthcare

Shah would be replacing N Santhanam, who will be retiring from Piramal Healthcare with effect from 31 December 2011.

Piramal Healthcare said the company has appointed Vijay Shah as executive director and chief operating officer with effect from 1 January 2012.

The company has also inducted Shah, who is presently managing director of Piramal Glass Ltd (PGL), as a director on the board of the Piramal Healthcare.
Consequent to his appointment as executive director and COO of the PHL, Shah shall cease to be the MD of Piramal Glass but continue to be a non executive director on the company’s board.

Shah would be replacing N Santhanam who will be retiring from PHL with effect from 31 December 2011. The healthcare firm has also appointed RA Mashelkar and Goverdhan Mehta as directors, replacing RA Shah and YH Malegam, who have stepped down from their positions.

In the late afternoon, Piramal Healthcare was trading at around Rs380 per share on the Bombay Stock Exchange, 0.24% down from the previous close.

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