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PORTFOLIO jcos ¥ More Home ¥ 7 Industry 7 Auto ¥ Banking/Finance ¥ Cons.Products ¥ Energy ¥ Ind Goods/Svs ¥ Pfizer and GlaxoSmithKline initiate leadership reshuffle in face of Not al Greek for india competition from domestic players By DIVYA RAJAGOPAL, ET Bureau |23 Jun, 2015, 05,23AMIST O comments |Posta Comment READ MORE ON » restructuring | Pfizer | HasitJoshipura | GlaxoSmithKline |Annaswamy Vaidheesh | Ajaz Tobaccowala MUMBAL Top muttinational drug makers Pfizer (8S=-045%) and GlaxoSmithKline have | pfizer Ltd initiated major reshutfle of senior leadership ese NSE teams in India in face of competition from ia 2014.00 V 2012.30 V nimble domestic rivals. roca 4% soce25 -870(04 $.90(0.20%) Forget Greece and US Fed, Val. 1125 shares traded \Vok 8529 shares traded India is the bigger story US giant Pfizer on Monday informed its cos |rnandsle | Companyioe | Ifthe government's capex investment employees that its India managing director tices | Financials | Company inte | Reports Continues, industrials wil perform better Aijaz Tobaccowala will move back to the US this year. That's a big story indian investors just three years at the heim, while British ET SPECIAL: Love vsual aspect ofnews? Enjoy should not miss. this exclusive slideshows treat! major GSK Pharmaceuticals has announced + Experts predict a rebound on Greece, Nifty could bounce 3-4% that Annaswamy Vaidheesh will replace ee ipuleconorictimes insatimes. comvindustyealincarebitech/pharmaceutcalsipizer-and-glansmittMine inate leadership-eshufleinface-c-compeliion from domestic playersfarileshow 7778008 cms 18owor015 + Howdebt default impacts equity index Most | Most Most Read | Shared — Commented Sleepless nights at Nestle, as staff and executives try to find what went wrong How Baba Ramdev has built a Rs 2,000 crore ayurvedic FMCG empire & plans to take on ‘multinational giants Hyundai Creta SUV set for launch in H2 2015; to take on Ecosport, Duster, Scorpio Why Alibaba's Jack Ma and Paytm's Vijay Shekhar ‘Sharma are best fiends now 18 top Ranbaxy executives including Indrajit Banerjee, Yugal Sikri, get marching orders as part of integration plan with Sun Pharma | Not to be Missed Here are stocks that investors should stay away from Chinese military research academy praises India's Pfizer and GlaxsSmitine iia leadership reshufe in face of competion from domestic players - The Economic Times Hasit Joshipura as its head for India and South Asia Tobaccowala will return to New York to the departmer worked before, Pfizer told its employees in an internal involved with the development. Changes at the Heim res ca: Tosca, To move to New von te Dest of fuss Teanoogy ‘sx Pharma sooner Honeswamy ‘ames as South ~ ‘siaard NDof nea i orez7szer cow Seon Frit "We confirm that Aijaz Tobaccowalla has been offered a new global role with Pfizer inc USA. He will continue in his current position as the managing director of Pfizer Ltd in india until his successor in this role is identified and subsequently appointed by the company's board of directors," a Pfizer spokesperson said in an email response to ET. The last three years have been tough for pharma companies, especially multinational drug makers who were severely ht by the new price control, which wiped out over Rs 100 crore from the sales of these companies. Pfizer and GSK both suffered negative sales growth in india in 2011-12 and 2012-13, before retuming to the positive territory in 2013-14, The total India sales of Pfizer, according to data from All indian Origin Chemists & Distributors Ltd (AIOCD Ltd), was Rs 2,421 crore last fiscal, up 13% from the year-earlier figure. GSK recorded sales of Rs 2,752 crore, down 3% from FY14, The board of directors of GlaxoSmithKline Pharmaceuticals at its meeting on Monday appointed Vaidheesh as vice president, South Asia, and managing director of the company ipulecanorictimes insatimes. comvindustyealiicarebitech/pharmaceutcalsipizer-and-glansmttMine inate leadership-eshufleinface-c-compeliion from domestic playersfarileshw 778088 cmsowor015 Agjun tank Fat pay packages: Crorepatis in Wipro gone up from 38 to 70 in the past year Chennai Metro Rall: 17 facts to know about the multi-crore project Behind the scenes: Chennai Metro before its launch Nominating a kin for life insurance? Know the new rules Hyundai Creta: First drive review IMF counters Raghuram Rajan’s comment about world facing Great Depression-like problems ze: and GlaxoSmithie nitateleasership reshuflein face of competion rom domestic players - The Econo Times. effective August 3, 2015, the firm informed the Bombay Stock Exchange. Current MD Joshipura will vacate office effective August 1. Vaidheesh was Johnson & Johnson's vice president, corporate government affairs, Asia Pacific, Though GSK did not reveal Joshipura's next move, industry sources say that he will be moving to firm's global headquarters and might possibly look affer the emerging markets. GSK is facing heat globally because of its poor growth and legal tangles in China and in the last few years. initiated a major business restructuring stay ontop of business news with The Ezonomic Times App. Download it Now! @ 4 DONTMISS any stores, flow us on TwiterFollow Promoted Stories + Find best DSLR camera amazon.in + Online Health Insurance Religare Health + Zero Account Opening Fees Sharekhan + 10 Super Cars Every Man Wants Carophile + How Xiaomi Ruined My Life ‘gadgets.ndtvcom + You Should Do This As Soon As You Get Your Salary! MyUniverse More from The Economic Times + Greek crisis to hit India Economic Times + Knowthe tax burden on your salary package Economic Times + Mangrove patches destroyed at Ghodbunder road Economic Times + Telecom regulator favours regulating apps Economic Times + Forbes: Amitabh Bachchan Economic Times + Railway:biggest Employers Economie Times Recommended by READ MORE ON » restructuring | Pizer | Hasit Joshipura | GlaxoSmithKline | Annaswamy Vaidheesh | Ajaz Tobaccowala ipulecanorictimes insatimes. comvindustyealiicarebitech/pharmaceutcalsipizer-and-glansmttMine inate leadership-eshufleinface-c-compeliion from domestic playersfarileshw 778088 cmsowor015 ze: and GlaxoSmithie nitateleasership reshuflein face of competion rom domestic players - The Econo Times. How PM Mod's Beti Bachao, Seffie Banao campaign became a rage to rewrite gender-skewed script in Follow this section for latest news on Pharmaceuticals Haryana ‘Anti-austerity protesters rally There are no comments on this article yet, Be first to post one! at Greek parliament CConments are moderated and witbe alow ed they are about the topic and not abusive 5 5 PM Narendra Modi to review highway projects on July 2 (Characters remaining (1500) y India's eight biggest employers y INFOCUS ON ET TODAY TOP STORIES World economy may be slipping into 1930s Great Depression problems: RB's Raghuram Rajan y P| Govt's got an idea Pepsi's challenger is. for hassle-free Jayanti cola, not highway rides Coke Eight coo! smartphones. ‘coming to India soon y Insurance to ease burden of liabilties for newly weds Forget ‘Greece and us, India's got a happy story ipulecanorictimes insatimes. comvindustyealiicarebitech/pharmaceutcalsipizer-and-glansmttMine inate leadership-eshufleinface-c-compeliion from domestic playersfarileshw 778088 cmsowor015 ze: and GlanoSmithie initteleaserstip reshuflein face of competion rem domestic players - The Econo Times ‘As we get closer to the July 5 Greek al Sandhan Valley: E I +, Mabharashtra's Grand Canyon P&G India’s new MD & CEO Al ET Rajwani takes charge today av How grievance redressal for | + I + _ insurance policies work Flipkart offers attractive maternity package to retain women employees, plans to pay 50% of day care charges ay Important things to know as an insurance policyholder I av I Five reasons to buy an Insurance policy online referendum, and then to the expected liftoff in September, the fears of market instability and voltity ao onl elt row ya Se%payhike for Just how sao ie that jawane fighting, mobile banking @pp Snapchat is ‘the best lle video platform tba in advanced talks crease stake in Paytm 1% deal may value an e-taller at Rs 23,600 Chhattisgarh ultras you use? 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