Milan Paleja, MD Novartis India to step down on May 31, 2019

Excerpt: Pharmaceutical major Novartis India said its Vice Chairman and Managing Director Milan Paleja will step down from the post on May 31, 2019.

Pharmaceutical major Novartis India said its Vice Chairman and Managing Director Milan Paleja will step down from the post on May 31, 2019.The company said in a regulatory filing to the BSE that Paleja has decided to relinquish current standing in the company "for embracing challenges outside of Novartis".

"The Board requested the Nomination and Remuneration Committee to identify and recommend a suitable successor for the role of Managing Director of the company," it said.