While the redesignations of Preetha Reddy, Suneeta Reddy and Sangita Reddy are for the remaining period of their tenure up to February 02, 2016, the redesignation of Shobana Kamineni is for the remaining period of her tenure up to January 31, 2015, it added.
In a major rejig at its top level, Healthcare major Apollo Hospitals has re-designated Preetha Reddy and Shobana Kamineni as Executive Vice-Chairpersons with immediate effect in a move aimed at reorganisation in line with their expanded roles.
The company has also re-designated Suneeta Reddy and Sangita Reddy as Managing Director and Joint Managing Director respectively. Board of Directors of the Company at its meeting held today have taken these decisions, Apollo Hospitals Enterprise said in a statement.
Commenting on the development, Apollo Hospitals Group Chairman Prathap C Reddy said: "As the healthcare landscape in the country and the region changes and expands, this strategic realignment, we believe, will enable Apollo to focus on growth opportunities in hospitals, pharmacies, clinics and health insurance while furthering its clinical leadership and service excellence."
While the redesignations of Preetha Reddy, Suneeta Reddy and Sangita Reddy are for the remaining period of their tenure up to February 02, 2016, the redesignation of Shobana Kamineni is for the remaining period of her tenure up to January 31, 2015, it added.
The Board has also approved the re-appointment of Shobana Kamineni as Executive Vice Chairperson for a period of five years with effect from February 01, 2015 on the existing remuneration terms, Apollo Hospitals said.
"It is a move aimed at strategic alignment and is in keeping with the expanded roles and additional responsibilities being assigned to us. It is to focus on the
growth of the company," Apollo Hospitals Enterprise Shobana Kamineni Executive Vice-Chairperson told PTI.
The company's board has also appointed Vinayak Chatterjee as an independent director of the company with effect from today, it added.
Apollo Hospitals Enterprise currently has over 8,600 beds across 50 hospitals, 1,632 pharmacies, 92 primary care and diagnostic clinics and 100 telemedicine units across 10 countries.
Apollo Hospital stock price
On July 02, 2014, Apollo Hospitals Enterprises closed at Rs 1026.75, up Rs 37.75, or 3.82 percent. The 52-week high of the share was Rs 1042.90 and the 52-week low was Rs 802.00.
The company's trailing 12-month (TTM) EPS was at Rs 23.77 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 43.2. The latest book value of the company is Rs 196.05 per share. At current value, the price-to-book value of the company is 5.24.
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