Dr. Reddy’s taps Parag Agarwal as chief financial officer
Dr. Reddy’s is welcoming Parag Agarwal as chief financial officer. His appointment is effective Dec. 1, 2020.
In a career spanning over 33 years, Agarwal has held several leadership positions, contributing significantly to the financial performance of his organizations. With over 10 years of working experience in several countries outside India, he brings deep global experience in leading business & financial strategy, transforming finance function, as well as in M&A-strategy and execution. He has expertise in driving performance management of investments, financial result delivery and driving operating margin improvement through revenue and cost optimization across the value chain.
Agarwal is a qualified chartered accountant and company secretary. He joins Dr. Reddy’s from Reckitt Benckiser, where he was CFO Health, based in London. Prior to his nine years stint at Reckitt, he was associated with Unilever, GSK Consumer Healthcare, and Genpact.
Saumen Chakraborty, president and CFO is retiring Dec. 1, 2020. In his 19+ years career at Dr. Reddy’s, he has contributed significantly, leading functions such as HR, Global Generics Operations, Quality, Finance, Legal and Digital & Process Excellence. Chakraborty will continue to be associated with the company as an advisor. He also will help Agarwal to transition effectively.
Agarwal said, “Dr. Reddy’s is driven by its purpose, high governance standards, a robust strategy and strong leadership. I am truly excited to join the organization in its transformation journey to create even more value for its customers and patients.”