Pharma major Lupin, today announced the appointment of Dr. Maurice Chagnaud as its president, Europe and head of inhalation strategy. He will be based at Schaffhausen, Switzerland. Dr. Chagnaud has over 20 years of experience in Pharmaceutical business in Europe having worked with Teva and Merck Generics.  He joins Lupin from Israeli drug major, Teva, where he was the senior vice president, Central & Eastern Europe, responsible for revenues in excess of over 1 billion Euros.

In his new role at Lupin, Dr. Chagnaud will assume full responsibility for the Company’s European business including the company strategy for Generics & Specialty business in Western and CEE region including Russia & CIS countries. He will also be responsible for developing Lupin’s core strategy for Inhalation in the developed markets.
 
Commenting on the appointment, Vinita Gupta, chief executive officer, Lupin  said, “Over the years, Lupin has recorded consistent growth across advanced markets like the US and Japan. With Maurice’s rich experience we look forward to building our business in Europe, in particular around Complex generics & Specialty.  We are delighted to welcome him into the Lupin family.”

Shares of the company gained Rs 8.5, or 0.93%, to trade at Rs 923.15. The total volume of shares traded was 35,529 at the BSE (2.49 p.m., Tuesday).