DABUR BRINGS OUTSIDERS INTO TOP MANAGEMENT TEAM

Article Abstract:

Dabur India Ltd, a Rs800 crore pharmaceutical major, has brought in senior professionals from outside and appointed its first professional chief executive officer (CEO) as part of a restructuring exercise. Mr Ninu Khanna, who is currently the executive vice president of Colgate Palmolive, has been appointed as the CEO with effect from November 1998. This is the beginning of the withdrawal of the promoters, the Burmans, from the day to day management of the company. The new CEO will report to Mr GC Burman, who will continue to be the managing director of the company. (khr)

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Executive changes & profiles, Drugs

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DABUR, PARTNER TO PUMP Rs5 Cr MORE INTO JV

Article Abstract:

Dabon International Ltd (DIL) will be receiving an additional equity of Rs5 crore from its promoters, Dabur India and Bongrain of France. DIL is involved in the production of cheese and other milk products. Both the promoters will be offering Rs2.50 crore each. After the proposed move, the equity of DIL will be around Rs15 crore as compared to Rs10 crore currently. The money will be invested on a new plant and machinery for its cheese project. DIL produces the Le Bon brand of cheese. (ag)(m)

France, Dairy Products, Dairy Product Manufacturing, Receipt of funds, Plant & equipment sales, Bongrain S.A., Dabon International Ltd.

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