Latest news with #Ascroft
Business Standard
16-06-2025
- Business
- Business Standard
Sun Pharma appoints Kirti Ganorkar as new MD
Sun Pharmaceutical Industries announced the appointment of Kirti Ganorkar as the managing director (MD) of the company, effective 1 September 2025, for a term of five years. This move is part of a "structured and forward-looking succession planning process," the company stated, aimed at ensuring leadership continuity. The appointment is subject to shareholder approval at the upcoming Annual General Meeting. Dilip Shanghvi, the current managing director, will step down from the role and transition to executive chairman of the board. In his new capacity, Shanghvi will dedicate his efforts to bolstering Sun Pharma's high-growth specialty portfolio and providing strategic oversight for the company's long-term vision. Ganorkar, a Sun Pharma veteran who joined the company in 1996, has been instrumental in the company's growth. He has successfully spearheaded the India business since June 2019, significantly increasing market share. His extensive career at the pharmaceutical major includes key leadership positions across business development, marketing, and M&A. Notably, he played a pivotal role in driving the company's foray into the specialty drug market by securing rights for innovative products like Ilumya and overseeing its initial expansion into Japan and Europe. Commenting on the appointment, Dilip Shanghvi said, "Kirti has consistently demonstrated effective leadership managing diverse roles at Sun. I have a firm belief in his ability to lead the company into its next phase of growth." In another significant development, the company also announced changes within its North American operations. Abhay Gandhi, president & CEO for North America, is departing to pursue other interests. He will be succeeded by Richard "Rick" Ascroft, a seasoned biopharmaceutical executive boasting over three decades of experience. Ascroft previously served as senior vice president at Takeda Pharmaceuticals, heading the U.S. Plasma-Derived Therapies business unit. Aalok Shanghvi, Whole-time Director and Chief Operating Officer, will now also oversee the North America business, with Ascroft reporting directly to him. Meanwhile, the company confirmed that the USFDA conducted a Good Manufacturing Practices (GMP) inspection of its Halol facility in Gujarat, India, from 2 June to 13 June 2025. Upon the conclusion of the inspection, the USFDA issued a Form-483 with 8 observations. The companys consolidated net profit declined 19% to Rs 2,149.88 crore, despite an 8.5% increase in revenue from operations to Rs 12,815.58 crore in Q4 FY25 over Q4 FY24. Sun Pharmaceutical Industries is the worlds leading specialty generics company with a presence in specialty, generics, and consumer healthcare products. It is the largest pharmaceutical company in India and is a leading generic company in the US as well as global emerging markets. Shares of Sun Pharmaceutical Industries shed 0.60% to Rs 1,678.65 on the BSE.
BBC News
25-02-2025
- BBC News
Thousands donated to mountain rescue team after search
A mountain rescue team has received more than £7,000 since the conclusion of the search for a missing 23-year-old Hall, from Tow Law, County Durham was last seen leaving her home on 18 February with her body found on Sunday after five days of searching areas around Eggleston and Sunday, Teesdale and Weardale Search and Mountain Rescue Team (TWSMRT) has been inundated with donations from the Ascroft, deputy team leader for TWSMRT, said the team was "incredibly touched". The search for Ms Hall focused on the running trails she often used and her body was found in a very remote area in Teesdale just after 09:30 GMT on Police said it was not treating her death as suspicious and a file was being prepared for the ended up bringing in 15 other mountain rescue teams from across the country to support the search alongside the force. Ms Ascroft said there had been a "huge emotional impact" on the team which volunteers were "all trying to catch up with now"."We are always relived to be able to provide closure for the families on these kind of jobs," she deputy team leader, who also works as an accountant, said some team members took three days off of work to focus on the search. She said the donations had been "absolutely incredible", with it costing about £50,000 a year to run the donations are set to pay for a new stretcher and free up team members from fundraising to focus on helping people."We have been incredibly touched by both the support we had last week, the trust people placed in us and also the donations we have had in the last 48 hours," she said. Follow BBC North East on X, Facebook, Nextdoor and Instagram. Send your story ideas here.
