Taro CEO Kal Sundaram to return to Sun Pharma HQ by end-2016
Taro Pharmaceutical Industries announced today that its chief executive, Kalyanasundaram (Kal) Sundaram, has informed Taro’s board of directors of his intention to step down as CEO by the end of the current calendar year.
Mr Sundaram will return to India, to assume an executive position at Sun Pharma’s global headquarters after the completion of his assignment at Taro at the end of 2016. Mr Sundaram had been Sun Pharma’s CEO since April 2010.
The company’s board will conduct a formal process to appoint a CEO to solely focus on Taro. Mr Sundaram will assist the board with its search, and will remain with Taro through the end of 2016 to ensure a smooth and successful transition for his successor. Sun Pharma acquired a controlling interest in Israel’s Taro in 2010.
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