S. Sridhar, managing director of the pharmaceutical company Pfizer, resigns

On Wednesday, the pharmaceutical corporation Pfizer (NSE 0.54%) announced that S Sridhar, its managing director, had resigned from the organisation. The business stated in a regulatory statement that Sridhar has indicated his intention to retire early and has submitted his resignation.

He will stay in his present role until the firm has identified, chosen, and transitioned to the new leadership. The Organisation of Pharmaceutical Producers of India is likewise led by Sridhar (OPPI).

In the past 14 years, Sridhar has held a variety of important leadership positions at Pfizer, including eight years as the company's chief financial officer. He has served as Managing Director of Pfizer for the past six years and, according to the pharmaceutical corporation, has significantly aided in expanding the company's portfolio and presence throughout India.